Exploring a home purchase or sale in West Michigan? It's vital to grasp the present real estate dynamics. Analyzing market trends and statistics equips you to make informed decisions. From property prices to inventory and time listings spend on the market, these aspects aid in evaluating competition, worth, and pricing approaches. Eager for essential insights? Let's delve into the fundamentals together!
Saugatuck / Douglas
- Average list price was up 27.36% in February of 2024 ($1,149,942) vs February of 2023 ($902,935).
- There were 8 sold listings in February of 2024 up 33% from the 6 sold in February of 2023; number of pending listings was down 14% in February of 2024 vs 2023; and the number of new listings was up 33% with 8 in February of 2024 and 6 in February of 2023.
Holland
- Average list price was up 29.18% to $736,263, however, average sale price was down 4.64% to $340,540 in February 2024 vs February 2023.
- Number of sold listings was down 23% to 51, number of new listings was up 2% to 60 vs February of 2023 in Holland. Active listings were down 7% to 165 from 178.
Grand Haven / Spring Lake
- Average list price was up 8.39% to $768,022 in February 2024 vs February 2023.
- Number of active listings in Spring Lake and Grand Haven was down 4% to 148 in February 2024 vs February 2023.
As spring approaches, the real estate market is buzzing with activity. Yet, a persistent hurdle remains: limited inventory. Strong demand consistently exceeds the supply of available homes, intensifying competition among buyers. With fewer options, the search for the perfect property becomes more challenging. Both buyers and sellers need to deploy strategic maneuvers to swiftly secure desired homes or attract potential buyers. Despite inventory constraints, 2024 promises an exciting real estate market for those ready to seize the opportunity.
Saugatuck / Douglas
8
New Listings
29
Active Listings
6
Under Contract
8
Closed Sales
Average Sale Price
Decreased
9.17%
Vs February
$659,750
Average Sales Price
2.44
Months of Supply
51
Average Days on Market
$418.31
Average Price per Square Foot
Holland
60
New Listings
165
Active Listings
66
Under Contract
51
Closed Sales
Average Sale Price
Decreased
4.64%
Vs February 2023
$340,540
Average Sales Price
1.33
Months of Supply
44
Average Days on Market
$245.64
Average Price per Square Foot
Grand Haven / Spring Lake
53
New Listings
148
Active Listings
57
Under Contract
42
Closed Sales
Average Sale Price
Increased
19.32%
Vs February 2023
$460,540
Average Sales Price
1.83
Months of Supply
54
Average Days on Market
$259.49
Average Price per Square Foot
Curious about what your home is worth now?
Get an accurate home value report from our team.
.jpg)