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Market Conditions as of June 2018

Angela McMillan

Posted by Angela McMillan
Jul 24, 2018 10:34:14 AM

Staying up-to-date on local market trends gives REALTORS® an edge when determining the value of a home. Whether acting as a buyer's or seller's agent, having concrete data to support the decision-making process is key- from setting a price to negotiating a sale.

Greater Kalamazoo Sales Statistics by Sub-Area*

1/1/2018 - 6/30/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 2,500 $479,427,439 $191,771 $161,648 -$3,097 37 47
Non Co-op Sales 556 $117,382,137 $211,119 $179,450 -$3,330 32 39
Co-op Sales 1,944 $362,045,302 $186,237 $160,000 -$3,030 38 49
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 68 $8,127,899 $119,528 $123,000 +$103 25 33
K02 - Westnedge Hill 34 $5,754,755 $169,258 $152,040 -$2,913 39 63
K03 - Westnedge-Whites Rd 53 $5,338,434 $100,725 $83,019 -$86 23 26
K04 - Oakwood-Parkview 28 $3,611,339 $128,976 $111,050 -$1,720 24 24
K05 - Winchell & Hillcrest 31 $6,912,054 $222,969 $199,000 -$4,235 42 42
K06 - WMU/Kcollege/Arcadia 36 $7,888,213 $219,117 $180,950 +$280 50 65
K07 - Westwood-NW Kalamazoo 132 $17,304,223 $131,093 $128,500 -$700 18 22
K08 - N Side w/in City Limits 35 $2,348,770 $67,108 $50,000 -$936 48 75
K09 - Dntown S To Crosstown 38 $4,988,083 $131,265 $89,450 -$2,886 34 36
K10 - Edison/Washington Sq 51 $2,908,720 $57,034 $56,725 -$2,448 39 44
K11 - North To G Ave Parchment N To G Ave 62 $6,349,612 $102,413 $103,375 -$408 18 21
K12 - East to Twp Line Eastwood 60 $5,490,253 $91,504 $86,550 -$1,366 32 35
K13 - Comstock & Charleston 150 $27,152,412 $181,016 $170,000 -$2,448 38 48
K15 - Richland & Ross Twp 117 $28,410,959 $242,829 $230,000 -$4,228 52 59
K16 - Pavilion & Climax Tw 39 $7,643,718 $195,993 $184,000 -$2,153 28 31
K19 - North Portage 261 $53,427,410 $204,703 $175,000 -$1,572 23 27
K20 - South Portage 177 $38,484,431 $217,426 $186,000 -$2,302 34 40
K21 - Schoolcraft & Prairie Ronde Twp 111 $23,177,530 $208,807 $190,000 -$5,302 44 58
K22 - Oshtemo Twp 141 $35,993,935 $255,276 $230,400 -$3,248 34 44
K23 - Alamo & Cooper Twp 69 $12,052,141 $174,669 $170,000 -$3,943 31 36
K24 - Gull Lake 14 $12,746,700 $910,479 $670,000 -$46,508 45 103
K25 - Texas Township 148 $51,588,169 $348,569 $329,050 -$7,753 49 75
K27 - Wakeshma Twp 8 $1,061,650 $132,706 $134,950 -$8,239 34 34
K29 - Brady Twp 27 $6,564,900 $243,144 $183,500 -$4,451 44 51
K30 - Orangeville Twp 21 $3,669,165 $174,722 $175,000 -$4,906 26 35
K31 - Hope Twp 29 $4,465,082 $153,968 $149,500 -$2,135 82 155
K32 - Baltimore & Johnstown 20 $3,457,550 $172,878 $165,000 -$4,962 70 79
K33 - Prairievile Twp 16 $5,465,070 $341,567 $273,400 -$20,989 72 90
K34 - Barry Twp 15 $2,646,249 $176,417 $190,000 -$5,613 51 51
K53 - Trowbridge Twp 16 $2,804,678 $175,292 $143,750 -$2,220 25 59
K54 - Otsego Twp 82 $12,172,000 $148,439 $140,450 -$832 27 36
K55 - Gun Plain Twp 57 $9,624,461 $168,850 $160,000 -$3,671 35 41
K56 - Lake Doster 8 $2,169,169 $271,146 $240,000 -$5,041 25 25
K59 - Allegan Twp 63 $8,436,067 $133,906 $135,000 -$2,256 59 65
K60 - Watson Twp  14 $1,985,750 $141,839 $144,175 -$2,296 29 43
K61 - Martin Township 12 $2,119,500 $176,625 $170,000 -$2,167 32 32
K80 - Bloomingdale & Pine Grove 48 $5,965,781 $142,042 $117,800 -$4,280 52 59
K81 - Waverly & Almena Twp 40 $8,724,529 $218,113 $181,250 +$388 36 45
K85 - Paw Paw Twp Except V 27 $6,135,740 $227,250 $200,000 -$10,876 74 111
K86 - Antwerp Twp 87 $15,913,188 $182,910 $194,900 -$137 33 34
K87 - Porter Twp 15 $2,829,200 $176,825 $172,450 -$7,856 68 96
K88 - Village of Paw Paw 28 $3,171,450 $113,266 $115,500 -$820 40 59
K89 - Decatur Twp 17 $2,346,500 $138,029 $100,000 -$5,047 65 84



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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2018 MichRIC, LLC All rights reserved. 

Angela McMillan

Angela McMillan

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