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Market Conditions as of August 2021

Shayne Wheeler

Posted by Shayne Wheeler
Sep 24, 2021 2:05:23 PM

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*

1/1/2021 - 8/31/2021

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 3,280 $845,794,933  $257,864  $225,000  + $1,375 17 23
Non Co-op Sales 685 $187,698,643  $274,013  $239,000  - $679 16 22
Co-op Sales 2,595 $658,096,290  $253,602  $222,000  + $1,917 18 23
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 94 $16,174,826  $172,073  $175,000  + $8,732 4 5
K02 - Westnedge Hill 55 $11,755,151  $213,730  $230,000  + $5,335 13 16
K03 - Westnedge-Whites Rd 66 $13,505,928  $204,635  $172,500  + $4,359 6 6
K04 - Oakwood-Parkview 50 $9,145,500  $182,910  $160,500  + $2,898 11 13
K05 - Winchell & Hillcrest 40 $10,667,050  $266,676  $267,500  - $1,018 10 10
K06 - WMU/Kcollege/Arcadia 57 $14,281,402  $250,551  $233,000  + $247 47 52
K07 - Westwood-NW Kalamazo 139 $27,210,400  $195,758  $190,000  + $7,592 8 10
K08 - N Side w/in City Limits 40 $4,708,188  $117,705  $108,950  - $770 18 32
K09 - Dntown S To Crosstown 53 $8,096,039  $152,755  $135,000  - $5,163 24 26
K10 - Edison/Washington Sq 75 $6,756,842  $90,091  $89,000  - $10,239 32 46
K11 - North To G Ave Parchment 86 $12,697,652  $147,647  $145,000  + $2,951 10 16
K12 - East to Twp Line Eastwood 111 $13,183,733  $118,772  $122,000  + $3,307 13 13
K13 - Comstock & Charleston 154 $35,146,836  $228,226  $210,000  + $3,833 19 31
K15 - Richland & Ross Twp 147 $49,254,042  $335,062  $290,000  - $170 26 35
K16 - Pavillion & Climax Tw 65 $17,901,030  $275,400  $260,500  + $1,798 8 10
K19 - North Portage 325 $86,830,518  $267,171  $242,500  + $3,291 13 17
K20 - South Portage 218 $71,585,515  $328,374  $299,838  + $109 24 32
K21 - Schoolcraft & Prairie Ronde Twp 137 $37,949,253  $277,002  $245,000  + $1,600 13 15
K22 - Oshtemo Twp 169 $52,913,729  $313,099  $285,000  + $1,034 21 25
K23 - Alamo & Cooper Twp 122 $28,348,011  $232,361  $220,000  + $3,116 11 12
K24 - Gull Lake 17 $15,751,500  $926,559  $825,000  - $40,312 38 210
K25 - Texas Township 215 $95,577,874  $444,548  $398,000  - $2,983 24 38
K27 - Wakeshma Twp 4 $974,500  $243,625  $189,750  + $1,925 40 40
K29 - Brady Twp 25 $8,979,108  $359,164  $231,400  - $3,988 19 23
K30 - Orangeville Twp 18 $5,105,800  $283,656  $235,000  + $4,411 11 11
K31 - Hope Twp 37 $9,324,962  $252,026  $225,000  - $3,207 32 32
K32 - Baltimore&Johnstown 32 $7,424,805  $232,025  $216,000  - $3,801 17 30
K33 - Prairieville Twp 34 $10,398,550  $305,840  $259,950  - $1,716 24 24
K34 - Barry Twp 32 $8,509,900  $265,934  $242,500  + $1,759 21 32
K53 - Trowbridge Twp 17 $3,913,900  $230,229  $250,000  + $4,359 16 16
K54 - Otsego Twp 91 $19,509,079  $214,385  $214,900  + $4,357 9 10
K55 - Gun Plain Twp 71 $15,548,475  $218,993  $212,500  + $3,720 9 14
K56 - Lake Doster 16 $5,495,000  $343,438  $337,500  - $2,281 16 16
K59 - Allegan Twp 95 $19,527,257  $205,550  $191,000  + $5,576 13 13
K60 - Watson Twp 10 $2,948,425  $294,842  $227,088  + $7,165 29 29
K61 - Martin Township 14 $3,117,846  $222,703  $185,000  + $12,468 5 5
K80 - Bloomingdale & Pine Grove 63 $13,342,550  $211,787  $185,000  + $2,710 21 22
K81 - Waverly & Almena Twp 62 $17,795,379  $287,022  $247,800  + $5,262 12 13
K85 - Paw Paw Twp Except V 28 $8,229,474  $293,910  $249,750  - $21,785 37 49
K86 - Antwerp Twp 135 $35,434,478  $262,478  $254,900  + $1,416 23 24
K87 - Porter Twp 10 $3,020,500  $302,050  $281,750  + $2,680 8 8
K88 - Village of Paw Paw 22 $3,581,527  $162,797  $170,000  - $1,740 20 20
K89 - Decatur Twp 29 $4,172,400  $143,876  $142,500  - $4,266 26 37

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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2021 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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