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Market Conditions as of April 2022

Shayne Wheeler

Posted by Shayne Wheeler
May 27, 2022 2:34:31 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*

1/1/2022 - 4/30/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 1,252 $333,137,747  $266,084  $225,000  + $1,487 17 23
Non Co-op Sales 249 $77,406,800  $310,871  $225,000  - $1,161 16 21
Co-op Sales 1,003 $255,730,948  $254,966  $225,000  + $2,144 18 23
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 31 $5,676,347  $183,108  $187,000  + $7,076 7 13
K02 - Westnedge Hill 20 $4,736,221  $236,811  $174,950  - $209 14 14
K03 - Westnedge-Whites Rd 24 $5,172,425  $215,518  $181,412  - $1,574 20 20
K04 - Oakwood-Parkview 20 $3,111,135  $155,557  $140,000  + $6,087 11 11
K05 - Winchell & Hillcrest 19 $5,340,307  $281,069  $265,000  + $5,011 10 14
K06 - WMU/Kcollege/Arcadia 16 $2,808,573  $175,536  $166,250  + $1,378 19 19
K07 - Westwood-NW Kalamazoo 59 $12,675,300  $214,836  $210,000  + $8,406 9 13
K08 - N Side w/in City Limits 29 $2,510,238  $86,560  $74,000  - $3,581 28 28
K09 - Dntown S To Crosstown 24 $4,134,600  $172,275  $137,500  - $3,696 36 58
K10 - Edison/Washington Sq 48 $5,161,944  $107,540  $98,500  - $447 16 20
K11 - North To G Ave Parchment 29 $4,983,706  $171,852  $170,750  + $4,197 8 8
K12 - East to Twp Line Eastwood 39 $4,819,700  $123,582  $125,000  + $2,810 23 26
K13 - Comstock & Charleston 71 $17,616,360  $248,118  $232,000  - $2,746 14 20
K15 - Richland & Ross Twp 55 $19,580,913  $356,017  $335,000  - $722 25 27
K16 - Pavillion & Climax Tw 19 $4,799,200  $252,589  $265,000  + $2,463 10 10
K19 - North Portage 122 $31,288,613  $256,464  $236,450  + $4,114 10 12
K20 - South Portage 52 $16,703,153  $321,214  $306,750  + $2,382 14 15
K21 - Schoolcraft & Prairie Ronde Twp 53 $15,086,676  $284,654  $253,000  - $23 17 25
K22 - Oshtemo Twp 74 $26,051,039  $352,041  $319,950  - $1,627 24 37
K23 - Alamo & Cooper Twp 45 $9,259,000  $205,756  $192,000  + $4,327 12 12
K24 - Gull Lake 7 $9,602,000  $1,371,714  $1,360,000  - $18,500 15 36
K25 - Texas Township 74 $37,716,037  $509,676  $442,450  - $727 27 47
K27 - Wakeshma Twp 4 $385,850  $96,462  $85,000  + $1,888 59 59
K29 - Brady Twp 12 $2,606,000  $217,167  $185,000  + $1,358 7 22
K30 - Orangeville Twp 8 $2,891,750  $361,469  $321,250  - $1,619 8 30
K31 - Hope Twp 5 $1,775,618  $355,124  $329,000  - $1,980 5 5
K32 - Baltimore & Johnstown 11 $2,752,410  $250,219  $227,900  - $3,490 38 42
K33 - Prairieville Twp 9 $2,889,000  $321,000  $325,000  + $5,411 11 11
K34 - Barry Twp 11 $3,243,105  $294,828  $235,000  - $1,209 21 21
K53 - Trowbridge Twp 3 $631,000  $210,333  $171,000  + $7,700 6 6
K54 - Otsego Twp 39 $9,150,063  $234,617  $235,000  + $4,330 11 11
K55 - Gun Plain Twp 28 $7,912,344  $282,584  $227,500  + $7,787 21 27
K56 - Lake Doster 3 $1,305,000  $435,000  $450,000  + $3,667 1 1
K59 - Allegan Twp 41 $10,164,135  $247,906  $230,000  + $7,461 12 17
K60 - Watson Twp 2 $807,000  $403,500  $403,500  + $6,000 45 45
K61 - Martin Township 9 $2,115,000  $235,000  $247,000  + $18,392 13 13
K80 - Bloomingdale & Pine Grove 26 $5,950,548  $228,867  $200,000  - $8,232 25 27
K81 - Waverly & Almena Twp 16 $4,552,032  $284,502  $304,950  + $946 14 14
K85 - Paw Paw Twp Except V 14 $3,867,700  $276,264  $212,500  - $10,500 33 38
K86 - Antwerp Twp 43 $12,558,481  $292,058  $280,000  + $2,107 20 39
K87 - Porter Twp 11 $3,217,800  $292,527  $330,000  + $2,291 8 10
K88 - Village of Paw Paw 13 $2,821,525  $217,040  $200,000  + $5,317 4 19
K89 - Decatur Twp 14 $2,707,900  $193,421  $157,000  - $9,814 52 59

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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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