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Market Conditions as of December 2022

Shayne Wheeler

Posted by Shayne Wheeler
Jan 16, 2023 10:23:06 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 - 12/31/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 4,644 $1,274,202,773  $274,376  $238,000  + $1,604 15 18
Non Co-op Sales 877 $260,361,172  $296,877  $244,500  - $560 14 18
Co-op Sales 3,767 $1,013,841,601  $269,138  $236,000  + $2,108 15 19
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 139 $26,393,514  $189,881  $190,000  + $5,161 7 10
K02 - Westnedge Hill 81 $18,525,821  $228,714  $195,000  + $2,136 11 12
K03 - Westnedge-Whites Rd 95 $18,899,854  $198,946  $170,000  + $1,358 14 15
K04 - Oakwood-Parkview 85 $15,176,625  $178,549  $160,000  + $4,410 9 9
K05 - Winchell & Hillcrest 70 $19,876,507  $283,950  $280,700  + $2,540 10 12
K06 - WMU/Kcollege/Arcadia 58 $14,148,075  $243,932  $200,250  - $1,145 19 19
K07 - Westwood-NW Kalamazoo 219 $48,082,601  $219,555  $215,000  + $6,496 8 10
K08 - N Side w/in City Limits 86 $8,899,771  $103,486  $89,450  - $985 25 27
K09 - Dntown S To Crosstown 85 $14,547,495  $171,147  $145,000  - $2,347 26 36
K10 - Edison/Washington Sq 140 $15,867,159  $113,337  $110,000  + $2,111 14 15
K11 - North To G Ave Parchment 87 $14,670,696  $168,629  $165,500  + $3,963 10 11
K12 - East to Twp Line Eastwood 135 $18,722,640  $138,686  $136,000  + $1,193 16 18
K13 - Comstock & Charleston 276 $67,272,415  $243,741  $232,500  + $2,023 11 13
K15 - Richland & Ross Twp 187 $68,036,178  $363,830  $329,900  - $1,267 20 23
K16 - Pavillion & Climax Tw 82 $22,881,850  $279,047  $273,750  - $3,803 14 14
K19 - North Portage 438 $123,851,606  $282,766  $258,250  + $3,908 11 12
K20 - South Portage 251 $84,717,092  $337,518  $307,000  + $1,081 15 16
K21 - Schoolcraft & Prairie Ronde Twp 179 $56,344,120  $314,772  $275,000  + $15,410 15 21
K22 - Oshtemo Twp 280 $98,955,730  $353,413  $317,500  - $156 19 28
K23 - Alamo & Cooper Twp 165 $41,880,285  $253,820  $237,000  + $4,986 10 11
K24 - Gull Lake 18 $25,862,700  $1,436,817  $1,175,000  - $70,928 21 31
K25 - Texas Township 257 $123,741,731  $481,485  $446,000  - $1,739 19 27
K27 - Wakeshma Twp 11 $1,395,350  $126,850  $129,500  + $3,468 32 34
K29 - Brady Twp 47 $13,971,151  $297,259  $220,000  - $5,346 14 19
K30 - Orangeville Twp 31 $9,839,150  $317,392  $257,400  - $4,927 25 32
K31 - Hope Twp 39 $12,004,018  $307,795  $249,000  - $1,682 17 18
K32 - Baltimore & Johnstown 52 $14,922,310  $286,968  $240,500  - $2,142 29 31
K33 - Prairieville Twp 41 $13,120,823  $320,020  $335,000  + $493 17 22
K34 - Barry Twp 41 $11,212,505  $273,476  $225,000  - $9,317 18 18
K53 - Trowbridge Twp 25 $6,409,286  $256,371  $259,800  - $4,500 17 18
K54 - Otsego Twp 142 $33,442,238  $235,509  $221,450  + $3,201 11 11
K55 - Gun Plain Twp 89 $22,662,438  $254,634  $225,000  + $7,904 14 16
K56 - Lake Doster 15 $5,860,050  $390,670  $382,000  - $2,550 19 19
K59 - Allegan Twp 143 $35,019,322  $244,890  $219,900  + $4,048 15 18
K60 - Watson Twp 16 $4,383,563  $273,973  $238,000  + $6,391 22 25
K61 - Martin Township 21 $4,792,375  $228,208  $227,900  + $8,967 15 15
K80 - Bloomingdale & Pine Grove 88 $18,827,243  $213,946  $187,250  - $5,211 22 30
K81 - Waverly & Almena Twp 86 $26,322,621  $306,077  $295,000  + $107 12 15
K85 - Paw Paw Twp Except V 48 $13,493,575  $281,116  $245,000  - $6,379 27 29
K86 - Antwerp Twp 178 $51,622,128  $290,012  $290,592  + $956 15 28
K87 - Porter Twp 33 $12,216,000  $370,182  $370,000  - $3,272 23 28
K88 - Village of Paw Paw 48 $9,514,463  $198,218  $187,560  + $3,503 10 18
K89 - Decatur Twp 37 $5,817,700  $157,235  $154,950  - $6,714 29 40

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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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