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Market Conditions as of June 2022

Shayne Wheeler

Posted by Shayne Wheeler
Jul 29, 2022 2:19:58 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 - 6/30/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 2,726 $696,284,204  $255,423  $220,000  + $1,329 18 25
Non Co-op Sales 552 $149,125,741  $270,155  $232,558  - $799 17 24
Co-op Sales 2,174 $547,158,464  $251,683  $220,000  + $1,869 19 25
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 78 $13,412,826  $171,959  $175,000  + $9,295 4 4
K02 - Westnedge Hill 47 $10,170,251  $216,388  $238,000  + $5,316 14 17
K03 - Westnedge-Whites Rd 59 $11,690,528  $198,145  $165,000  + $5,620 6 6
K04 - Oakwood-Parkview 45 $8,299,400  $184,431  $159,900  + $1,458 12 14
K05 - Winchell & Hillcrest 31 $8,309,050  $268,034  $275,000  - $1,475 10 10
K06 - WMU/Kcollege/Arcadia 48 $12,177,260  $253,693  $229,000  - $1,921 52 58
K07 - Westwood-NW Kalamazoo 118 $22,563,271  $191,214  $185,000  + $7,599 8 11
K08 - N Side w/in City Limits 36 $4,299,600  $119,433  $110,000  - $350 19 29
K09 - Dntown S To Crosstown 46 $7,182,199  $156,135  $131,900  - $5,678 25 28
K10 - Edison/Washington Sq 62 $5,298,342  $85,457  $85,000  - $12,375 36 54
K11 - North To G Ave Parchment 74 $10,945,452  $147,912  $145,000  + $3,501 11 18
K12 - East to Twp Line Eastwood 92 $10,752,281  $116,873  $120,000  + $3,865 14 14
K13 - Comstock & Charleston 121 $27,734,457  $229,210  $201,000  + $3,441 23 37
K15 - Richland & Ross Twp 127 $42,793,242  $336,955  $290,000  - $539 27 35
K16 - Pavillion & Climax Tw 49 $13,804,599  $281,727  $265,000  + $1,753 9 9
K19 - North Portage 269 $70,608,187  $262,484  $239,000  + $2,771 13 18
K20 - South Portage 185 $58,473,766  $316,074  $299,900  + $345 26 36
K21 - Schoolcraft & Prairie Ronde Twp 112 $30,702,018  $274,125  $239,950  + $686 14 17
K22 - Oshtemo Twp 142 $44,024,940  $310,035  $281,250  + $1,732 22 26
K23 - Alamo & Cooper Twp 102 $23,526,011  $230,647  $210,000  + $2,361 13 14
K24 - Gull Lake 15 $12,141,500  $809,433  $801,500  - $24,353 32 226
K25 - Texas Township 176 $78,508,546  $446,071  $399,950  - $3,097 26 41
K27 - Wakeshma Twp 3 $849,500  $283,167  $190,000  + $1,533 42 42
K29 - Brady Twp 18 $7,420,008  $412,223  $313,000  - $5,066 23 28
K30 - Orangeville Twp 17 $4,890,800  $287,694  $255,000  + $3,194 11 11
K31 - Hope Twp 33 $8,440,640  $255,777  $235,000  - $4,178 33 33
K32 - Baltimore & Johnstown 25 $5,510,805  $220,432  $211,000  - $2,718 17 34
K33 - Prairieville Twp 29 $8,967,650  $309,229  $249,900  - $498 25 25
K34 - Barry Twp 26 $6,980,500  $268,481  $247,500  + $3,523 22 34
K53 - Trowbridge Twp 14 $2,958,900  $211,350  $245,000  + $6,650 15 15
K54 - Otsego Twp 74 $15,604,884  $210,877  $205,134  + $4,783 9 10
K55 - Gun Plain Twp 59 $12,992,975  $220,220  $217,500  + $2,930 10 15
K56 - Lake Doster 11 $3,864,000  $351,273  $315,000  - $4,145 20 20
K59 - Allegan Twp 78 $15,233,225  $195,298  $174,900  + $4,703 14 14
K60 - Watson Twp 7 $2,083,425  $297,632  $224,175  + $4,507 40 40
K61 - Martin Township 11 $2,345,346  $213,213  $175,000  + $19,250 6 6
K80 - Bloomingdale & Pine Grove 45 $9,290,300  $206,451  $180,000  + $4,636 25 25
K81 - Waverly & Almena Twp 57 $16,365,322  $287,111  $248,600  + $5,700 12 13
K85 - Paw Paw Twp Except V 26 $7,738,474  $297,634  $249,750  - $23,730 37 50
K86 - Antwerp Twp 110 $28,294,325  $257,221  $250,000  + $1,729 21 22
K87 - Porter Twp 9 $2,716,500  $301,833  $275,000  + $2,522 9 9
K88 - Village of Paw Paw 16 $2,748,500  $171,781  $173,500  - $2,656 22 22
K89 - Decatur Twp 24 $3,570,400  $148,767  $151,500  - $3,708 23 36

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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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