Considering buying or selling a home in West Michigan? Understanding the current real estate landscape is key. Analyzing market trends and data empowers you to make informed choices. From property values to inventory levels and time on market, these factors help assess competition, value, and pricing strategies. Ready for valuable insights? Let's dive into the essentials together!
Saugatuck / Douglas
- Average list price was down 3.77% in March of 2024 ($1,099,585) vs March of 2023 ($1,142,658).
- There were 5 sold listings in March of 2024 down 44% from the 9 sold in March of 2023; number of pending listings was down 14% in March of 2024 vs 2023; and the number of new listings was up 45% with 16 in March of 2024 and 11 in March of 2023.
Holland
- Average list price was up 27.44% to $788,519, however, average sale price was down 11.28% to $367,861 in March 2024 vs March 2023.
- Number of sold listings was up 14% to 75, number of new listings was up 14% to 99 vs March of 2023 in Holland. Active listings were down 1% to 185 from 186.
Grand Haven / Spring Lake
- Average list price was down 6.19% to $796,285 in March 2024 vs March 2023.
- Number of active listings in Spring Lake and Grand Haven was down 12% to 150 in March 2024 vs March 2023.
As the days lengthen and flowers bloom, the real estate market comes alive with activity. However, a persistent challenge persists: limited inventory. High demand consistently outpaces the supply of homes, increasing competition among buyers. With fewer options, finding the perfect property becomes tougher. Both buyers and sellers must employ strategic tactics to swiftly secure desired homes or attract potential buyers. Despite inventory constraints, 2024 holds promise for an exciting real estate market for those poised to seize the opportunity.
Saugatuck / Douglas
16
New Listings
35
Active Listings
6
Under Contract
5
Closed Sales
Average Sale Price
Increased
25.30%
Vs March
$663,960
Average Sales Price
2.7
Months of Supply
95
Average Days on Market
$501.94
Average Price per Square Foot
Holland
99
New Listings
185
Active Listings
81
Under Contract
75
Closed Sales
Average Sale Price
Decreased
11.28%
Vs March 2023
$367,861
Average Sales Price
1.18
Months of Supply
37
Average Days on Market
$254.23
Average Price per Square Foot
Grand Haven / Spring Lake
65
New Listings
150
Active Listings
55
Under Contract
62
Closed Sales
Average Sale Price
Increased
22.58%
Vs March 2023
$480,193
Average Sales Price
1.63
Months of Supply
80
Average Days on Market
$285.19
Average Price per Square Foot
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