Thinking about buying or selling property in West Michigan? Understanding the current real estate market is crucial. By analyzing market trends and data, you can make informed decisions. Assessing property values, inventory levels, and time on the market helps you understand competition, value, and pricing strategies. Ready to gain valuable insights? Let's explore the basics together!
Saugatuck / Douglas
- Average list price was up 36.18% in June of 2024 ($1,185,628) vs June of 2023 ($870,641).
- There were 10 sold listings in June of 2024 down 33% from the 15 sold in June of 2023; number of pending listings was down 29% with 10 in June of 2024 and 14 in June of 2023; and the number of new listings was up 27% with 19 in June of 2024 and 15 in June of 2023.
Holland
- Average list price was up 12.79% to $765,045, and average sale price was up 8.36% to $473,497 in June 2024 vs June 2023.
- Number of sold listings was down 22% to 94, number of new listings was up 20% to 136 vs June of 2023 in Holland. Active listings were also up 25% to 274 from 219.
Grand Haven / Spring Lake
- Average list price was up 7.27% to $842,979 in June 2024 vs June 2023.
- Number of active listings in Spring Lake and Grand Haven was down 16% to 205 in June 2024 vs June 2023 and number of sold listings was down 3% to 73.
As we move through July, with several summer activities already in the books, the real estate market is bursting with activity. However, a familiar challenge remains: limited inventory. Persistent demand continues to outstrip the supply of available homes, intensifying competition among buyers. With fewer options, finding the perfect property becomes more challenging. Both buyers and sellers need strategic approaches to quickly secure their desired homes or attract potential buyers. Despite these inventory constraints, 2024 is proving an exciting real estate market for those ready to seize the opportunity.
Saugatuck / Douglas
19
New Listings
60
Active Listings
10
Under Contract
10
Closed Sales
Average Sale Price
Decreased
21.95%
Vs June 2023
$727,300
Average Sales Price
4.62
Months of Supply
37
Average Days on Market
$421.19
Average Price per Square Foot
Holland
136
New Listings
274
Active Listings
115
Under Contract
94
Closed Sales
Average Sale Price
Increased
8.36%
Vs June 2023
$473,497
Average Sales Price
1.82
Months of Supply
18
Average Days on Market
$281.64
Average Price per Square Foot
Grand Haven / Spring Lake
91
New Listings
205
Active Listings
67
Under Contract
73
Closed Sales
Average Sale Price
Increased
10.54%
Vs June 2023
$503,578
Average Sales Price
2.21
Months of Supply
28.5
Average Days on Market
$288.72
Average Price per Square Foot
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