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Market Conditions as of October 2022

Shayne Wheeler

Posted by Shayne Wheeler
Nov 18, 2022 11:12:21 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*

1/1/2022 - 10/31/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 3,996 $1,111,141,664  $278,063  $240,000  + $1,831 14 17
Non Co-op Sales 747 $226,021,800  $302,573  $247,750  + $32 13 17
Co-op Sales 3,249 $885,119,864  $272,428  $240,000  + $2,245 14 17
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 116 $22,355,314  $192,718  $192,500  + $7,028 6 8
K02 - Westnedge Hill 72 $16,671,571  $231,550  $191,500  + $3,344 9 10
K03 - Westnedge-Whites Rd 82 $16,571,797  $202,095  $172,500  + $1,259 16 16
K04 - Oakwood-Parkview 73 $12,861,885  $176,190  $160,000  + $5,075 9 9
K05 - Winchell & Hillcrest 61 $17,187,507  $281,762  $275,000  + $3,746 9 12
K06 - WMU/Kcollege/Arcadia 50 $12,242,075  $244,842  $193,500  + $140 19 19
K07 - Westwood-NW Kalamazoo 194 $43,331,651  $223,359  $216,000  + $7,430 8 9
K08 - N Side w/in City Limits 62 $6,148,438  $99,168  $86,500  + $398 22 22
K09 - Dntown S To Crosstown 75 $13,078,150  $174,375  $147,500  - $1,673 25 36
K10 - Edison/Washington Sq 121 $14,145,472  $116,905  $113,500  + $2,899 11 13
K11 - North To G Ave Parchment 76 $12,956,721  $170,483  $169,000  + $4,408 9 9
K12 - East to Twp Line Eastwood 112 $15,332,140  $136,894  $135,500  + $2,464 15 17
K13 - Comstock & Charleston 247 $60,713,401  $245,803  $233,500  + $3,155 10 12
K15 - Richland & Ross Twp 161 $59,245,143  $367,982  $320,000  - $651 18 20
K16 - Pavillion & Climax Tw 69 $19,358,450  $280,557  $282,900  - $3,658 10 11
K19 - North Portage 378 $108,278,383  $286,451  $260,000  + $5,002 10 11
K20 - South Portage 208 $72,698,313  $349,511  $320,000  + $1,931 14 14
K21 - Schoolcraft & Prairie Ronde Twp 153 $46,664,910  $304,999  $275,000  + $67 13 20
K22 - Oshtemo Twp 239 $84,629,713  $354,099  $320,000  + $435 19 29
K23 - Alamo & Cooper Twp 149 $37,221,410  $249,808  $235,000  + $4,574 10 10
K24 - Gull Lake 18 $25,862,700  $1,436,817  $1,175,000  - $70,928 21 31
K25 - Texas Township 227 $110,623,321  $487,327  $450,000  - $581 19 28
K27 - Wakeshma Twp 10 $1,290,350  $129,035  $134,750  + $3,815 33 33
K29 - Brady Twp 36 $10,793,707  $299,825  $228,000  - $6,361 16 22
K30 - Orangeville Twp 29 $9,419,150  $324,798  $300,000  - $5,443 25 33
K31 - Hope Twp 33 $10,381,118  $314,579  $250,000  - $412 14 15
K32 - Baltimore & Johnstown 45 $12,909,610  $286,880  $231,000  - $1,280 24 27
K33 - Prairieville Twp 40 $12,991,323  $324,783  $337,500  + $516 17 22
K34 - Barry Twp 37 $10,289,505  $278,095  $235,000  - $7,030 17 17
K53 - Trowbridge Twp 18 $4,359,486  $242,194  $239,950  + $645 11 11
K54 - Otsego Twp 116 $27,769,138  $239,389  $223,950  + $4,624 9 9
K55 - Gun Plain Twp 77 $19,642,738  $255,100  $225,000  + $8,734 13 16
K56 - Lake Doster 12 $4,951,800  $412,650  $403,500  + $1,117 18 18
K59 - Allegan Twp 123 $30,135,202  $245,002  $220,000  + $5,107 11 15
K60 - Watson Twp 13 $3,643,663  $280,282  $235,000  + $8,636 18 21
K61 - Martin Township 21 $4,792,375  $228,208  $227,900  + $8,967 15 15
K80 - Bloomingdale & Pine Grove 70 $15,156,398  $216,520  $186,500  - $3,457 22 32
K81 - Waverly & Almena Twp 74 $22,889,771  $309,321  $295,000  + $1,176 11 13
K85 - Paw Paw Twp Except V 40 $11,871,600  $296,790  $280,000  - $7,174 28 30
K86 - Antwerp Twp 156 $45,361,503  $290,779  $290,592  + $1,608 15 23
K87 - Porter Twp 29 $10,546,000  $363,655  $370,000  - $3,248 25 30
K88 - Village of Paw Paw 43 $8,732,963  $203,092  $192,250  + $3,525 11 20
K89 - Decatur Twp 31 $5,035,800  $162,445  $155,000  - $7,148 29 41

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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2022 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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