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Market Conditions as of November 2018

Shayne Wheeler

Posted by Shayne Wheeler
Dec 21, 2018 2:11:09 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*

1/1/2018 - 11/30/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 4,965 $974,138,870 $196,201 $165,000 - $3,355 32 40
Non Co-op Sales 1,041 $229,168,877 $220,143 $183,000 - $4,179 28 35
Co-op Sales 3,924 $744,969,994 $189,850 $162,500 - $3,136 33 41
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 147 $18,008,699 $122,508 $129,000 + $600 17 21
K02 - Westnedge Hill 81 $13,702,474 $169,166 $142,144 - $3,907 26 37
K03 - Westnedge-Whites Rd 99 $11,091,184 $112,032 $89,500 - $308 20 22
K04 - Oakwood-Parkview 59 $8,311,096 $140,866 $119,500 - $1,727 20 24
K05 - Winchell & Hillcrest 59 $12,979,065 $219,984 $199,000 - $5,398 36 41
K06 - WMU/Kcollege/Arcadia 67 $14,236,383 $212,483 $184,900 - $543 42 51
K07 - Westwood-NW Kalamazoo 245 $34,543,786 $140,995 $139,000 - $388 15 18
K08 - N Side w/in City Limits 73 $4,923,270 $67,442 $54,000 - $1,512 40 59
K09 - Downtown S To Crosstown 67 $9,029,208 $134,764 $91,000 - $4,920 34 35
K10 - Edison/Washington Sq 104 $6,425,893 $61,787 $62,750 - $2,004 33 37
K11 - North To G Ave Parchment N To G Ave 110 $11,698,814 $106,353 $109,450 + $664 17 19
K12 - East to Twp Line Eastwood 126 $11,577,135 $91,882 $88,900 - $818 24 27
K13 - Comstock & Charleston 292 $53,111,141 $181,887 $171,250 - $2,362 33 39
K15 - Richland & Ross Twp 224 $56,281,900 $251,258 $225,000 - $5,614 48 54
K16 - Pavilion & Climax Twp 86 $16,949,218 $197,084 $184,500 - $5,268 29 32
K19 - North Portage 325 $75,288,149 $231,656 $200,000 - $1,900 28 40
K20 - South Portage 307 $70,959,325 $231,138 $200,000 - $2,050 28 40
K21 - Schoolcraft & Prairie Ronde Twp 214 $46,030,218 $215,094 $195,000 - $4,523 33 45
K22 - Oshtemo Twp 272 $70,313,651 $258,506 $239,025 - $3,419 31 44
K23 - Alamo & Cooper Twp 141 $24,802,581 $175,905 $162,000 - $3,375 25 29
K24 - Gull Lake 28 $26,434,200 $944,079 $734,850 - $60,547 71 128
K25 - Texas Township 288 $103,495,787 $359,360 $336,953 - $7,288 42 60
K27 - Wakeshma Twp 12 $1,616,150 $134,679 $135,000 - $6,101 37 37
K29 - Brady Twp 58 $13,506,984 $232,879 $191,250 - $4,833 34 38
K30 - Orangeville Twp 41 $8,161,065 $199,050 $183,000 - $4,072 38 47
K31 - Hope Twp 64 $11,493,397 $179,584 $149,700 - $3,309 64 97
K32 - Baltimore & Johnstown 48 $8,575,457 $178,655 $166,500 - $4,994 53 57
K33 - Prairievile Twp 43 $13,781,270 $320,495 $275,000 - $13,945 58 65
K34 - Barry Twp 35 $6,574,378 $187,839 $175,000 - $7,008 45 47
K53 - Trowbridge Twp 35 $6,548,478 $187,099 $170,000 - $3,875 44 83
K54 - Otsego Twp 156 $23,881,041 $153,084 $140,000 - $1,601 23 28
K55 - Gun Plain Twp 118 $19,553,994 $165,712 $157,013 - $3,913 31 35
K56 - Lake Doster 18 $4,752,809 $264,045 $247,500 - $6,011 29 54
K59 - Allegan Twp 136 $20,005,474 $147,099 $139,900 - $2,506 44 50
K60 - Watson Twp  16 $2,285,750 $142,859 $149,175 - $1,378 27 39
K61 - Martin Township 21 $3,718,249 $177,059 $172,400 - $987 29 35
K80 - Bloomingdale & Pine Grove 85 $12,796,983 $150,553 $140,000 - $4,562 47 57
K81 - Waverly & Almena Twp 89 $19,209,967 $215,842 $184,900 + $151 27 32
K85 - Paw Paw Twp Except V 54 $11,103,740 $205,625 $166,000 - $8,890 56 79
K86 - Antwerp Twp 188 $36,081,157 $191,921 $199,450 - $799 28 31
K87 - Porter Twp 34 $6,596,488 $194,014 $197,500 - $8,462 64 87
K88 - Village of Paw Paw 50 $5,506,475 $110,130 $114,250 - $1,869 43 60
K89 - Decatur Twp 38 $5,055,509 $133,040 $100,000 - $5,505 46 59



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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2018 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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