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Considering a home purchase or sale in West Michigan? Understanding the current real estate landscape is key. Delving into market trends and stats empowers you to navigate wisely. From home prices to inventory and days on market, these factors help you assess competition, value, and pricing strategies. Seeking crucial insights? Let's explore the essentials together!
Saugatuck / Douglas
- Average list price was down -0.96% in January of 2024 ($963,237) vs January of 2023 ($972,595).
- There were 8 sold listings in January of 2024 up 100% from the 4 sold in January of 2023; number of pending listings was down 38% in January of 2024 vs 2023; and the number of new listings was up 60% with 8 in January 2024 and 5 in January of 2023.
Holland
- Average list price was up 26.67 % to $680,325, and average sale price was also up 16.92% to $363,590 in January 2024 vs January 2023.
- Number of sold listings was down 2% to 51, number of new listings was down 43% to 53 vs January of 2023 in Holland. Active listings were down 9% to 180 from 198.
Grand Haven / Spring Lake
- Average list price was up 19.89% to $807,024 in January 2024 vs January 2023.
- Number of active listings in Spring Lake and Grand Haven was down 3% to 155 in January 2024 vs January 2023.
As February unfolds, the real estate landscape remains dynamic, bustling with activity against the wintry backdrop. However, a persistent challenge persists amidst the flurry: limited inventory. High demand continues to outstrip available homes, heightening competition among buyers. With fewer choices, finding the ideal property becomes more demanding. Both buyers and sellers must employ strategic tactics to swiftly secure desired homes or attract potential buyers. Despite inventory constraints, the new year holds promise for an exciting real estate market for those poised to seize the opportunity.
Saugatuck / Douglas
8
New Listings
27
Active Listings
5
Under Contract
8
Closed Sales
Average Sale Price
Increased
50.57%
Vs January 23
$1,062,245
Average Sales Price
2
Months of Supply
46
Average Days on Market
$501.89
Average Price per Square Foot
Holland
53
New Listings
180
Active Listings
63
Under Contract
51
Closed Sales
Average Sale Price
Increased
16.92%
Vs January 2023
$363,590
Average Sales Price
1.5
Months of Supply
48
Average Days on Market
$237.17
Average Price per Square Foot
Grand Haven / Spring Lake
51
New Listings
155
Active Listings
42
Under Contract
38
Closed Sales
Average Sale Price
Decreased
9.74%
Vs January 2023
$467,291
Average Sales Price
1.88
Months of Supply
43
Average Days on Market
$281.86
Average Price per Square Foot
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