Thinking about buying or selling property in West Michigan? Staying informed about the local market is essential! Understanding trends like property values, inventory levels, and days on the market equips you to make confident, well-informed decisions. These insights provide a clear picture of pricing, competition, and overall value. Ready to dive deeper? Let’s uncover the details together!
Saugatuck / Douglas
- Average list price was down 18.70% in November of 2024 ($1,176,584) vs November of 2023 ($1,447,140).
- There were 17 sold listings in November of 2024 up 55% from the 11 sold in November of 2023; number of pending listings was up 67% with 10 in November of 2024 and 6 in November of 2023; and the number of new listings was up 50% with 12 in November of 2024 and 8 in November of 2023.
Holland
- Average list price was up 27.10% to $818,261, and average sale price was up 5.99% to $408,339 in November 2024 vs November 2023.
- Number of sold listings was up 43% to 99, number of new listings was up 2% to 88 vs November of 2023 in Holland. Active listings were also up 10% to 257 from 233.
Grand Haven / Spring Lake
- Average list price was down 9.915% to $613,147 in November 2024 vs November 2023.
- Number of active listings in Spring Lake and Grand Haven was up 5% to 195 in November 2024 vs November 2023 and number of sold listings was up 23% to 65.
As the holiday season unfolds, the real estate market remains lively and active. However, limited inventory continues to pose challenges, with demand exceeding the supply of available homes, fueling fierce buyer competition. With fewer options on the market, finding the ideal property can be tricky. Both buyers and sellers need smart strategies to move quickly—whether it’s securing a home or attracting serious buyers. Despite these inventory challenges, this year still brings exciting opportunities for those ready to take the leap.
Saugatuck / Douglas
12
New Listings
52
Active Listings
10
Under Contract
17
Closed Sales
Average Sale Price
Increased
43.19%
Vs November 2023
$872,388
Average Sales Price
4.34
Months of Supply
75
Average Days on Market
$492.59
Average Price per Square Foot
Holland
88
New Listings
257
Active Listings
81
Under Contract
99
Closed Sales
Average Sale Price
Increased
5.99%
Vs November 2023
$408,339
Average Sales Price
2.02
Months of Supply
36
Average Days on Market
$261.95
Average Price per Square Foot
Grand Haven / Spring Lake
50
New Listings
195
Active Listings
40
Under Contract
65
Closed Sales
Average Sale Price
Increased
20.545%
Vs November 2023
$485,706
Average Sales Price
2.56
Months of Supply
39.5
Average Days on Market
$302.86
Average Price per Square Foot
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