Considering buying or selling property in West Michigan? Staying up-to-date on the local market is crucial! Knowing trends like property values, inventory levels, and days on the market empowers you to make confident, informed choices. These insights reveal the bigger picture of pricing, competition, and value. Ready to explore further? Let’s dive into the details together!
Saugatuck / Douglas
- Average list price was down 5.58% in December of 2024 ($1,150,245) vs December of 2023 ($1,218,252).
- There were 7 sold listings in December of 2024 up 40% from the 5 sold in December of 2023; number of pending listings was down 70% with 3 in December of 2024 and 10 in December of 2023; and the number of new listings was down 75% with 2 in December of 2024 and 8 in December of 2023.
Holland
- Average list price was up 36.58% to $807,127, and average sale price was down 2.89% to $417,893 in December 2024 vs December 2023.
- Number of sold listings was up 6% to 75, number of new listings was up 11% to 68 vs December of 2023 in Holland. Active listings were also up 6% to 221 from 208.
Grand Haven / Spring Lake
- Average list price was down 5.98% to $603,778 in December 2024 vs December 2023.
- Number of active listings in Spring Lake and Grand Haven was down 1% to 165 in December 2024 vs December 2023 and number of sold listings was down 11% to 39.
As the new year begins, the real estate market is buzzing with activity, yet limited inventory presents ongoing challenges. High demand continues to outpace the supply of available homes, intensifying buyer competition. With fewer options to choose from, finding the perfect property can be a challenge. For both buyers and sellers, having a solid strategy is essential—whether it’s acting quickly to secure a home or standing out to attract serious buyers. Despite these hurdles, the new year offers exciting opportunities for those ready to make their move.
Saugatuck / Douglas
2
New Listings
39
Active Listings
3
Under Contract
7
Closed Sales
Average Sale Price
Decreased
14.11%
Vs December 2023
$620,143
Average Sales Price
3.17
Months of Supply
41
Average Days on Market
$397.31
Average Price per Square Foot
Holland
68
New Listings
221
Active Listings
67
Under Contract
75
Closed Sales
Average Sale Price
Decreased
2.89%
Vs December 2023
$417,893
Average Sales Price
1.67
Months of Supply
29
Average Days on Market
$268.09
Average Price per Square Foot
Grand Haven / Spring Lake
34
New Listings
165
Active Listings
37
Under Contract
39
Closed Sales
Average Sale Price
Increased
1.27%
Vs December 2023
$470,314
Average Sales Price
2.15
Months of Supply
43.5
Average Days on Market
$309.61
Average Price per Square Foot
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