If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the West Michigan market.
Knowing the most important data such as the average sales price, number; f homes sold, and days on market will better prepare you to sell your home.
Our market report showcases everything you need to know about local real estate trends.
Here are a few takeaways...
Saugatuck / Douglas
- Average list prices were up 31% in March of 2023 vs March of 2022 to $1,180,189.
- There were 9 sold listings in March of 2023 vs 10 in 2023; number of pending listings was equal in March of 2023 vs 2022 at 8; and number of new listings (12) was the exact same number as in 2022. Pretty amazing to see the consistency of sales in this market.
Holland
- Average list price was down 14%, but average sale price was up 26% in March 2023 vs 2022, narrowing the gap of list price to sale price by 40%, meaning sellers are more in line with the market.
- Number of sold listings was up 15%, while number of new listings was down 22% vs March of 2022 in Holland. Although, active listings were up 108%.
Grand Haven / Spring Lake
- Average sale price is up 35% YTD in Spring Lake.
- Number of sales in Spring Lake and Grand Haven was up 23% in March 2023 vs 2022.
Spring is upon us, and so is the beautiful weather, and with that, a very active real estate market. I suspect we will see a good spring market heading forward, as our momentum heading into the busy season is strong. Inventory remains a challenge, but we are seeing some signs of a loosening up in that department as sellers are beginning to cash in on some of their equity and making more move-up purchases.
Saugatuck / Douglas
12
New Listings
16
Active Listings
8
Under Contract
9
Closed Sales
Average Sale Price
Decreased
26%
Vs March 2022

$529,889
Average Sales Price

1.3
Months of Supply

46
Average Days on Market

$302
Average Price per Square Foot
Holland
83
New Listings
94
Active Listings
85
Under Contract
62
Closed Sales
Average Sale Price
Increased
26%
Vs March 2022

$420,563
Average Sales Price

1
Months of Supply

33
Average Days on Market

$255
Average Price per Square Foot
Grand Haven / Spring Lake
66
New Listings
109
Active Listings
57
Under Contract
56
Closed Sales
Average Sale Price
Decreased
5%
Vs March 2023

$390,501
Average Sales Price

1.7
Months of Supply

61
Average Days on Market

$236
Average Price per Square Foot
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