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Considering a home transaction in West Michigan? Understanding the present real estate landscape is key. Being well-versed in market trends and stats empowers smarter decisions for your buying or selling journey. Exploring factors like home prices, inventory, and days on market helps gauge competition, assess values, and strategize pricing effectively.
Ready for some essential insights? Let's delve in!
Saugatuck / Douglas
- Average list price was up 50.81% in November of 2023 ($1,457,140) vs November of 2022 ($966,200).
- There were 11 sold listings in November of 2023 up 10% from the 10 sold in November of 2022; number of pending listings was down 14% in November of 2023 vs 2022; and the number of new listings was down 22% with 7 in November 2023 and 9 in November of 2022.
Holland
- Average list price was up 16.15 % to $623,804, and average sale price was also up 17.19% to $390,466 in November 2023 vs November 2022.
- Number of sold listings was down 23% to 65, number of new listings was up 5% to 86 vs November of 2022 in Holland. Active listings were up 6% to 232 from 219.
Grand Haven / Spring Lake
- Average list price is up 7.52% to $716,913 in November 2023 vs November 2022.
- Number of active listings in Spring Lake and Grand Haven was down 8% to 182 in November 2023 vs November 2022.
With the holidays upon us, the real estate market remains vibrant. The colder weather sets a perfect stage for buying and selling homes. However, within this active market, a recurring challenge persists: limited inventory. The ongoing demand exceeds available homes, creating a competitive environment for buyers. With fewer choices, finding the right property becomes more challenging. Overcoming this hurdle demands strategic action from both buyers and sellers to swiftly secure desired homes or attract potential buyers. Despite the inventory challenge, the holiday real estate market offers an exciting chance for those ready to move forward.
Saugatuck / Douglas
7
New Listings
34
Active Listings
6
Under Contract
11
Closed Sales
Average Sale Price
Increased
5.02%
Vs November 2022
$611,536
Average Sales Price
2.54
Months of Supply
33
Average Days on Market
$445.14
Average Price per Square Foot
Holland
86
New Listings
232
Active Listings
65
Under Contract
65
Closed Sales
Average Sale Price
Increased
17.19%
Vs November 2022
$390,466
Average Sales Price
1.91
Months of Supply
29
Average Days on Market
$264.71
Average Price per Square Foot
Grand Haven / Spring Lake
52
New Listings
182
Active Listings
40
Under Contract
49
Closed Sales
Average Sale Price
decreased
18.18%
Vs November 2022
$414,504
Average Sales Price
2.31
Months of Supply
29
Average Days on Market
$259.54
Average Price per Square Foot
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