Thinking about purchasing or selling a property in West Michigan? Having a grasp of the present real estate scenario is crucial. Delving into market trends and data equips you with the knowledge to make well-informed decisions. From evaluating property values to assessing inventory levels and time on market, these aspects aid in understanding competition, value, and pricing tactics. Eager for valuable insights? Let's explore the fundamentals together!
Saugatuck / Douglas
- Average list price was up 26.95% in April of 2024 ($1,212,457) vs April of 2023 ($955,049).
- There were 6 sold listings in April of 2024 staying the same as the 6 sold in April of 2023; number of pending listings also stayed the same with 11 in April of 2024 as well as April of 2023; and the number of new listings was down 7% with 13 in April of 2024 and 14 in April of 2023.
Holland
- Average list price was up 23.27% to $748,721, and average sale price was up 17.67% to $448,360 in April 2024 vs April 2023.
- Number of sold listings was up 13% to 85, number of new listings was up 14% to 99 vs April of 2023 in Holland. Active listings were also up 8% to 193 from 178.
Grand Haven / Spring Lake
- Average list price was down 2.15% to $812,376.50 in April 2024 vs April 2023.
- Number of active listings in Spring Lake and Grand Haven was up 6% to 179 in April 2024 vs April 2023 and number of sold listings was up 36% to 60.
As the school year draws to a close and summer adventures beckon, the real estate market springs to life with activity. Yet, a familiar challenge persists: limited inventory. The relentless demand consistently surpasses the available supply of homes, intensifying competition among buyers. With fewer choices, locating the ideal property becomes more challenging. Both buyers and sellers must employ strategic approaches to swiftly secure their desired homes or attract potential buyers. Despite these inventory constraints, 2024 promises an exhilarating real estate market for those ready to seize the opportunity
Saugatuck / Douglas
13
New Listings
42
Active Listings
11
Under Contract
6
Closed Sales
Average Sale Price
Decreased
18.23%
Vs April 2023
$685,500
Average Sales Price
2.9
Months of Supply
16
Average Days on Market
$502.81
Average Price per Square Foot
Holland
99
New Listings
193
Active Listings
95
Under Contract
85
Closed Sales
Average Sale Price
Increased
17.67%
Vs April 2023
$448,360
Average Sales Price
1.09
Months of Supply
25
Average Days on Market
$279.02
Average Price per Square Foot
Grand Haven / Spring Lake
88
New Listings
179
Active Listings
71
Under Contract
60
Closed Sales
Average Sale Price
Increased
21.22%
Vs April 2023
$468,597
Average Sales Price
1.87
Months of Supply
32.5
Average Days on Market
$289.35
Average Price per Square Foot
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