If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the West Michigan market.
Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.
Our market report showcases everything you need to know about local real estate trends.
Here are a few takeaways...
Saugatuck / Douglas
- Average sale price was down 8% in May of 2023 vs May of 2022 to $860,171.
- There were 7 sold listings in May of 2023 vs 9 in 2022; number of pending listings was down to 4 in May of 2023 vs 9 in 2022; and number of new listings (9) was down 50% from 18 in 2022.
Holland
- Average list price was down 8.03%, and average sale price was down 13.77% in May 2023 vs May 2022.
- Number of sold listings was down 37%, number of new listings was down 25% vs May of 2022 in Holland. Active listings were also down at 9%.
Grand Haven / Spring Lake
- Average list price is up 44% in May 2023 vs May 2022 in Spring Lake.
- Number of active listing in Spring Lake and Grand Haven was up 4% in May 2023 vs May 2022.
Summer is upon us, and so is the beautiful weather, and with that, a very active real estate market. I suspect we will see a good summer market heading forward, as our momentum heading into the busy season is strong. Inventory remains a challenge, but we are seeing some signs of a loosening up in that department as sellers are beginning to cash in on some of their equity and making more move-up purchases.
Saugatuck / Douglas
9
New Listings
23
Active Listings
4
Under Contract
7
Closed Sales
Average Sale Price
Decreased
8%
Vs May 2022

$860,171
Average Sales Price

1.58
Months of Supply

19
Average Days on Market

$416.28
Average Price per Square Foot
Holland
90
New Listings
148
Active Listings
84
Under Contract
54
Closed Sales
Average Sale Price
Decreased
19%
Vs May 2022

$398,363
Average Sales Price

1.13
Months of Supply

26
Average Days on Market

$240.60
Average Price per Square Foot
Grand Haven / Spring Lake
73
New Listings
143
Active Listings
60
Under Contract
53
Closed Sales
Average Sale Price
Increased
26%
Vs May 2022

$571,745
Average Sales Price

1.7
Months of Supply

57
Average Days on Market

$280.57
Average Price per Square Foot
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