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    March Market Update

    Thinking about buying or selling in West Michigan? Staying on top of the local market is essential! Knowing the latest...

    • Michigan Homes and Cottages
    • March 13th, 2025
    • 3 min read

     

     

    Thinking about buying or selling in West Michigan? Staying on top of the local market is essential! Knowing the latest trends in property values, inventory, and market timing gives you the confidence to make smart decisions. These insights can help you navigate pricing, competition, and overall value. Ready to make your move? Let’s dive into the details together!

    Saugatuck / Douglas

    • Average list price was down 13.34% in February of 2025 ($972,742) vs February of 2024 ($1,122,525).
    • There were 2 sold listings in February of 2025 down 67% from the 6 sold in February of 2024; number of pending listings was down 50% with 3 in February of 2025 and 6 in February of 2024; and the number of new listings stayed the same with 8 in February of 2025 as well as in February of 2024. 

    Holland

    • Average list price was up 4.23% to $790,423, and average sale price was also up 5.49% to $366,356 in February 2025 vs February 2024.
    • Number of sold listings was up 4% to 50, number of new listings was up 14% to 67 vs February of 2024 in Holland.  Active listings were up 8% to 179 from 165.

    Grand Haven / Spring Lake

    • Average list price was down 10.92% to $655,393 in February 2025 vs February 2024.
    • Number of active listings in Spring Lake and Grand Haven was up 5% to 154 in February 2025 vs February 2024 and number of sold listings was down 18% to 32.

    March is in full swing, bringing longer days, more sunshine, and a busy real estate market! Low inventory continues to drive strong competition among buyers, with demand far outpacing available homes. In this fast-moving market, finding the right property takes strategy and quick action. Whether you're looking to buy or sell, having a solid game plan is key—whether it’s moving fast to secure a home or positioning your property to attract serious buyers. Despite the challenges, 2025 is packed with exciting opportunities for those ready to make a move!

    Saugatuck / Douglas

    8

    New Listings

    35

    Active Listings

    3

    Under Contract

    2

    Closed Sales

     

    Average Sale Price

     Increased 

    64.84%

    Vs February 2024

     

    $1,087,500

    Average Sales Price

    2.46

    Months of Supply

    49

    Average Days on Market

    $461.09

    Average Price per Square Foot

     

    Holland

    67

    New Listings

    179

    Active Listings

    53

    Under Contract

    50

    Closed Sales

     

    Average Sale Price

     Increased 

    5.49%

    Vs February 2024

     

    $366,356 

    Average Sales Price

    1.26

    Months of Supply

    60

    Average Days on Market

    $253.40

    Average Price per Square Foot

     Grand Haven / Spring Lake

    53

    New Listings

    154

    Active Listings

    51

    Under Contract

    32

    Closed Sales

     

    Average Sale Price

     Decreased 

    15.38%

    Vs February 2024

     

    $363,224

    Average Sales Price

    1.53

    Months of Supply

    50

    Average Days on Market

    $258.95

    Average Price per Square Foot

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    Michigan Homes and Cottages

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    691 Ottawa Beach Rd., Holland, MI 49424

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