Market Intelligence · MI / Kalamazoo

Kalamazoo, MI 49048 Housing Market

Typical homes in Kalamazoo's 49048 ZIP code are valued at $198,489, up 3.7% over the past year. The median list price sits at $252,425, with homes spending a median of 39 days on the market as of September 2026.

Updated September 2026Median value$198K

The median home value in Kalamazoo, MI 49048 is $198K as of September 2026, up 3.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 49048 range

$183K to $214K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.7% over 12 months

Sep 2025$191K

Low $191KHigh $198K

Sep 2026$198K

The numbers

What is the 49048 housing market like?

As of September 2026

Typical home value

$198K

3.7%YoY

Median list price

$252K

11.7%MoM

Days on market

2.6%MoM

Homes for sale

10.4%MoM

Price cuts

27.0%

7.2%MoM

New listings

14.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

49048 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49048 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 49048 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 49048?

Zillow's forecast does not call for a drop: it expects typical home values in 49048 to rise 2.2% by September 2027, after a 3.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 49048 home prices compare?

49048$198,489
Kalamazoo$221,561
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Kalamazoo: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Inventory is modest, with 53 homes for sale and 24 new listings in September 2026. The median list price of $252,425 sits well above the typical home value of $198,489, suggesting some homes are priced higher than recent comparables. With 27.0% of listings carrying a price cut and a median of 39 days on market, buyers have time to evaluate options. The 3.7% year-over-year gain in typical home value shows gradual appreciation, but the prevalence of price reductions signals sellers should be realistic about market conditions.

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Down payment20% · $39,698

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Common questions

What people ask us.

What is a typical home worth in 49048?

Typical homes in this ZIP are valued at $198,489, reflecting a 3.7% increase over the past year.

How long do homes stay on the market?

As of September 2026, the median days on market is 39.

What percentage of homes have had price cuts?

About 27.0% of current listings have seen a price reduction.

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Nearby ZIP markets.

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