Is Kalamazoo, MI 49048 a buyer’s or seller’s market?
Kalamazoo is a seller’s market. With about 1.7 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 73% of U.S. ZIP codes, and #218 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Kalamazoo housing market right now
In the three months ending August 31, 2026, 33% of homes in Kalamazoo, MI 49048 sold above their list price, the typical home went under contract in 11 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 98 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (31% then), homes sold about as fast and the median sale price rose 9% to $209,909. Overall, Kalamazoo is about as competitive as it was a year ago.
Within Kalamazoo County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 81%. On our competition score, Kalamazoo ranks #218 of 510 MI ZIP codes with enough sales (score 69 out of 100).
Nearby, buyers who want less competition could look at Fulton 49052 (0% sold over asking) or Climax 49034 (0% sold over asking).
Run the numbers for 49048
Nearby markets
Augusta 49012Seller’s market $214 /sq ftClimax 49034Buyer’s market $180 /sq ftFulton 49052Seller’s market $117 /sq ftGalesburg 49053Seller’s market $195 /sq ft Browse all markets →Towns like Kalamazoo nearby
Find towns like Kalamazoo in other states →Where Kalamazoo is
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Questions about Kalamazoo real estate
Is Kalamazoo a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Kalamazoo, MI 49048 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Kalamazoo?
The typical home went under contract in 11 days in the latest three months.
Do homes in Kalamazoo sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Kalamazoo?
About 1.45% of a home’s value a year in Kalamazoo County, or roughly $5,800 on a $400,000 home.
What is the median home price in Kalamazoo?
The median sale price was $209,909 in the three months ending August 31, 2026, about $163 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology