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Market Conditions as of October 2021

Shayne Wheeler

Posted by Shayne Wheeler
Jan 5, 2022 12:17:00 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 - 10/31/2021

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 4,368 $1,126,894,735  $257,989  $225,000  + $1,169 16 22
Non Co-op Sales 888 $251,421,231  $283,132  $240,000  - $1,533 16 22
Co-op Sales 3,480 $875,473,504  $251,573  $220,000  + $1,858 17 22
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 137 $23,539,525  $171,821  $175,000  + $7,586 5 5
K02 - Westnedge Hill 75 $15,593,096  $207,908  $185,000  + $3,876 13 15
K03 - Westnedge-Whites Rd 90 $18,528,528  $205,873  $171,900  + $4,876 7 7
K04 - Oakwood-Parkview 67 $13,227,333  $197,423  $160,000  + $2,324 11 12
K05 - Winchell & Hillcrest 52 $13,739,050  $264,212  $255,000  - $368 9 9
K06 - WMU/Kcollege/Arcadia 77 $18,934,102  $245,897  $230,000  + $564 45 49
K07 - Westwood-NW Kalamazo 188 $36,701,410  $195,220  $186,627  + $7,059 8 10
K08 - N Side w/in City Limits 47 $5,328,438  $113,371  $103,500  - $440 17 29
K09 - Dntown S To Crosstown 66 $10,238,139  $155,123  $138,900  - $7,504 21 23
K10 - Edison/Washington Sq 100 $9,225,906  $92,259  $90,544  - $6,129 27 38
K11 - North To G Ave Parchment 107 $15,795,652  $147,623  $145,000  + $3,828 9 14
K12 - East to Twp Line Eastwood 138 $16,940,033  $122,754  $125,000  + $2,969 11 13
K13 - Comstock & Charleston 216 $49,038,058  $227,028  $210,000  + $3,853 17 26
K15 - Richland & Ross Twp 189 $62,811,532  $332,336  $291,250  + $553 25 32
K16 - Pavillion & Climax Tw 81 $22,737,230  $280,707  $270,000  + $2,298 9 10
K19 - North Portage 428 $115,784,815  $270,525  $245,000  + $2,662 12 18
K20 - South Portage 276 $90,038,956  $326,228  $294,500  + $209 23 30
K21 - Schoolcraft & Prairie Ronde Twp 183 $50,276,235  $274,734  $245,000  + $713 15 18
K22 - Oshtemo Twp 230 $73,426,512  $319,246  $285,000  + $867 18 22
K23 - Alamo & Cooper Twp 169 $40,864,056  $241,799  $225,000  + $3,528 10 11
K24 - Gull Lake 20 $21,251,500  $1,062,575  $845,000  - $43,260 35 181
K25 - Texas Township 279 $121,261,969  $434,631  $394,900  - $3,325 22 35
K27 - Wakeshma Twp 6 $1,349,500  $224,917  $189,750  - $2,800 28 28
K29 - Brady Twp 33 $10,304,008  $312,243  $220,000  - $4,608 19 24
K30 - Orangeville Twp 29 $8,014,300  $276,355  $255,000  + $3,828 10 10
K31 - Hope Twp 51 $13,905,596  $272,659  $235,322  - $4,378 29 30
K32 - Baltimore&Johnstown 49 $11,897,555  $242,807  $196,000  - $12,855 18 41
K33 - Prairieville Twp 43 $13,790,050  $320,699  $296,000  - $4,020 24 24
K34 - Barry Twp 39 $9,852,400  $252,626  $237,000  + $2,051 20 29
K53 - Trowbridge Twp 22 $4,697,400  $213,518  $236,000  + $5,723 16 16
K54 - Otsego Twp 136 $29,169,379  $214,481  $213,450  + $4,806 9 10
K55 - Gun Plain Twp 93 $20,760,775  $223,234  $217,500  + $4,604 11 14
K56 - Lake Doster 21 $7,897,500  $376,071  $365,000  - $5,657 16 18
K59 - Allegan Twp 129 $27,769,383  $215,267  $200,000  + $5,280 15 16
K60 - Watson Twp 14 $3,762,925  $268,780  $217,088  + $4,382 27 27
K61 - Martin Township 14 $3,117,846  $222,703  $185,000  + $12,468 5 5
K80 - Bloomingdale & Pine Grove 79 $16,019,130  $202,774  $184,900  + $2,655 20 21
K81 - Waverly & Almena Twp 89 $25,662,254  $288,340  $248,600  + $2,758 12 13
K85 - Paw Paw Twp Except V 41 $11,628,534  $283,623  $225,000  - $17,908 30 38
K86 - Antwerp Twp 177 $46,521,898  $262,836  $250,000  + $504 21 23
K87 - Porter Twp 13 $3,766,400  $289,723  $288,500  + $5,292 10 10
K88 - Village of Paw Paw 39 $6,794,427  $174,216  $167,000  - $1,979 18 20
K89 - Decatur Twp 36 $4,931,400  $136,983  $141,250  - $3,286 24 32

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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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