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Market Conditions as of September 2022

Shayne Wheeler

Posted by Shayne Wheeler
Oct 26, 2022 2:17:45 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 - 9/30/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 3,604 $1,002,849,593  $278,260  $240,000  + $2,448 14 17
Non Co-op Sales 689 $210,521,976  $305,547  $249,950  + $535 12 16
Co-op Sales 2,915 $792,327,617  $271,811  $239,900  + $2,900 14 18
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 104 $20,208,514  $194,313  $194,500  + $7,428 6 7
K02 - Westnedge Hill 68 $15,631,071  $229,869  $191,500  + $3,784 9 10
K03 - Westnedge-Whites Rd 76 $15,113,797  $198,866  $171,000  + $1,614 16 17
K04 - Oakwood-Parkview 64 $11,441,085  $178,767  $160,000  + $6,253 8 8
K05 - Winchell & Hillcrest 56 $15,594,007  $278,464  $272,500  + $5,068 9 11
K06 - WMU/Kcollege/Arcadia 49 $11,968,475  $244,255  $187,000  + $233 18 18
K07 - Westwood-NW Kalamazoo 171 $38,562,250  $225,510  $217,000  + $8,554 7 8
K08 - N Side w/in City Limits 53 $5,085,638  $95,955  $75,000  + $592 23 23
K09 - Dntown S To Crosstown 70 $12,546,250  $179,232  $148,250  - $1,068 23 34
K10 - Edison/Washington Sq 111 $12,864,972  $115,901  $110,000  + $2,699 11 12
K11 - North To G Ave Parchment 67 $11,321,921  $168,984  $168,000  + $4,712 8 9
K12 - East to Twp Line Eastwood 104 $13,902,650  $133,679  $130,500  + $2,416 16 18
K13 - Comstock & Charleston 223 $54,919,401  $246,275  $235,000  + $3,530 9 12
K15 - Richland & Ross Twp 145 $53,951,871  $372,082  $332,500  + $242 17 20
K16 - Pavillion & Climax Tw 63 $17,560,450  $278,737  $275,000  - $4,464 11 11
K19 - North Portage 351 $101,049,083  $287,889  $262,000  + $5,445 10 11
K20 - South Portage 187 $65,282,363  $349,104  $320,000  + $2,539 13 14
K21 - Schoolcraft & Prairie Ronde Twp 139 $41,238,096  $296,677  $271,500  + $418 14 21
K22 - Oshtemo Twp 210 $73,268,813  $348,899  $312,450  + $1,332 18 29
K23 - Alamo & Cooper Twp 138 $34,357,385  $248,967  $228,250  + $6,182 10 10
K24 - Gull Lake 17 $24,712,700  $1,453,688  $1,200,000  - $66,571 22 32
K25 - Texas Township 203 $100,416,411  $494,662  $450,485  + $44 20 30
K27 - Wakeshma Twp 8 $985,350  $123,169  $119,750  + $2,144 39 39
K29 - Brady Twp 34 $10,198,707  $299,962  $228,000  - $6,297 17 23
K30 - Orangeville Twp 26 $8,761,750  $336,990  $303,300  - $6,206 27 35
K31 - Hope Twp 27 $8,676,618  $321,356  $250,000  + $1,756 11 13
K32 - Baltimore & Johnstown 40 $12,058,610  $301,465  $256,500  - $970 24 25
K33 - Prairieville Twp 36 $11,401,323  $316,703  $332,930  + $1,376 13 19
K34 - Barry Twp 30 $8,054,505  $268,484  $237,000  - $3,710 17 17
K53 - Trowbridge Twp 16 $3,770,486  $235,655  $212,450  + $726 12 12
K54 - Otsego Twp 105 $24,827,738  $236,455  $220,000  + $5,086 9 9
K55 - Gun Plain Twp 71 $18,690,238  $263,243  $230,000  + $9,867 14 17
K56 - Lake Doster 9 $3,476,900  $386,322  $382,000  + $2,033 7 7
K59 - Allegan Twp 116 $28,904,447  $249,176  $230,000  + $6,136 11 14
K60 - Watson Twp 11 $3,070,313  $279,119  $212,500  + $11,719 18 18
K61 - Martin Township 18 $4,127,375  $229,299  $221,450  + $9,067 17 17
K80 - Bloomingdale & Pine Grove 60 $12,939,908  $215,665  $180,000  - $3,528 22 33
K81 - Waverly & Almena Twp 63 $19,906,392  $315,974  $300,000  + $1,783 10 12
K85 - Paw Paw Twp Except V 35 $10,347,600  $295,646  $280,000  - $6,447 26 28
K86 - Antwerp Twp 134 $38,843,168  $289,874  $290,000  + $2,066 15 25
K87 - Porter Twp 28 $10,016,000  $357,714  $368,750  - $2,685 25 30
K88 - Village of Paw Paw 40 $8,154,063  $203,852  $196,125  + $3,559 12 21
K89 - Decatur Twp 28 $4,640,900  $165,746  $155,000  - $6,493 31 45

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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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