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Market Conditions as of July 2022

Shayne Wheeler

Posted by Shayne Wheeler
Aug 24, 2022 12:32:46 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 - 7/31/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 2,624 $730,788,645  $278,502  $239,900  + $3,614 14 18
Non Co-op Sales 529 $164,661,244  $311,269  $244,500  + $1,406 12 17
Co-op Sales 2,095 $566,127,401  $270,228  $238,000  + $4,171 14 18
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 77 $15,157,614  $196,852  $196,000  + $9,885 5 8
K02 - Westnedge Hill 47 $11,222,121  $238,769  $199,000  + $4,766 8 9
K03 - Westnedge-Whites Rd 51 $9,885,825  $193,840  $175,000  + $1,726 12 13
K04 - Oakwood-Parkview 46 $8,017,835  $174,301  $158,000  + $7,890 7 7
K05 - Winchell & Hillcrest 38 $10,434,207  $274,584  $280,700  + $8,863 8 10
K06 - WMU/Kcollege/Arcadia 38 $9,015,728  $237,256  $185,308  + $725 16 16
K07 - Westwood-NW Kalamazoo 124 $27,861,450  $224,689  $220,000  + $9,662 7 9
K08 - N Side w/in City Limits 40 $3,775,138  $94,378  $82,544  - $2,227 22 22
K09 - Dntown S To Crosstown 56 $10,087,350  $180,131  $148,250  - $1,173 24 38
K10 - Edison/Washington Sq 83 $9,621,693  $115,924  $110,000  + $2,819 11 13
K11 - North To G Ave Parchment 46 $8,001,821  $173,953  $170,375  + $5,135 7 7
K12 - East to Twp Line Eastwood 77 $9,987,500  $129,708  $125,000  + $1,905 17 19
K13 - Comstock & Charleston 160 $40,681,514  $254,259  $232,750  + $2,902 10 13
K15 - Richland & Ross Twp 102 $38,341,533  $375,897  $325,026  + $1,361 20 23
K16 - Pavillion & Climax Tw 45 $13,060,800  $290,240  $287,000  + $427 12 12
K19 - North Portage 275 $78,678,628  $286,104  $255,000  + $6,933 8 10
K20 - South Portage 127 $45,037,411  $354,625  $320,000  + $2,405 14 15
K21 - Schoolcraft & Prairie Ronde Twp 104 $30,917,550  $297,284  $270,750  + $1,068 14 24
K22 - Oshtemo Twp 152 $53,661,184  $353,034  $324,500  + $2,879 19 29
K23 - Alamo & Cooper Twp 101 $23,847,108  $236,110  $220,000  + $7,612 9 10
K24 - Gull Lake 14 $17,611,000  $1,257,929  $1,046,000  - $27,457 17 27
K25 - Texas Township 149 $75,850,509  $509,064  $450,485  + $1,878 19 32
K27 - Wakeshma Twp 5 $535,850  $107,170  $95,000  + $1,510 55 55
K29 - Brady Twp 23 $5,116,907  $222,474  $220,000  - $2,943 17 25
K30 - Orangeville Twp 21 $7,269,250  $346,155  $301,600  - $4,406 27 35
K31 - Hope Twp 19 $6,025,018  $317,106  $245,000  + $1,789 7 7
K32 - Baltimore & Johnstown 29 $8,919,310  $307,562  $230,000  - $1,676 25 27
K33 - Prairieville Twp 24 $7,643,400  $318,475  $330,000  + $4,713 13 13
K34 - Barry Twp 22 $5,620,005  $255,455  $204,500  - $2,682 18 18
K53 - Trowbridge Twp 11 $2,775,486  $252,317  $260,000  + $2,501 11 11
K54 - Otsego Twp 82 $19,548,038  $238,391  $223,950  + $6,038 9 9
K55 - Gun Plain Twp 49 $12,805,138  $261,329  $225,000  + $10,567 18 22
K56 - Lake Doster 5 $2,069,900  $413,980  $425,000  + $7,220 6 6
K59 - Allegan Twp 79 $19,591,132  $247,989  $226,000  + $9,160 10 15
K60 - Watson Twp 9 $2,430,513  $270,057  $212,500  + $15,435 14 14
K61 - Martin Township 15 $3,684,900  $245,660  $247,000  + $11,375 14 14
K80 - Bloomingdale & Pine Grove 44 $9,986,133  $226,958  $183,750  - $3,914 19 33
K81 - Waverly & Almena Twp 44 $13,326,132  $302,867  $293,500  + $4,587 9 9
K85 - Paw Paw Twp Except V 25 $7,639,600  $305,584  $280,000  - $7,882 22 25
K86 - Antwerp Twp 96 $28,145,991  $293,187  $293,092  + $2,056 15 28
K87 - Porter Twp 21 $7,163,000  $341,095  $367,500  - $3,104 23 29
K88 - Village of Paw Paw 30 $6,356,524  $211,884  $205,000  + $4,511 14 26
K89 - Decatur Twp 19 $3,380,900  $177,942  $158,450  - $6,437 41 55

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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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