Thinking about buying or selling property in West Michigan? Staying up-to-date on the local market is key! Analyzing trends and data empowers you to make well-informed decisions. By exploring property values, inventory levels, and days on the market, you'll gain a solid understanding of pricing, competition, and value. Ready for a closer look? Let’s explore the insights together!
Saugatuck / Douglas
- Average list price was down 3.14% in October of 2024 ($1,257,073) vs October of 2023 ($1,297,777).
- There were 11 sold listings in October of 2024 down 15% from the 13 sold in October of 2023; number of pending listings stayed the same with 13 in October of 2024 as well as October of 2023; and the number of new listings was up an impressive 67% with 20 in October of 2024 and 12 in October of 2023.
Holland
- Average list price was up 25.72% to $787,986, and average sale price was up 3.32% to $419,632 in September 2024 vs September 2023.
- Number of sold listings was up 3% to 94, number of new listings was up 30% to 130 vs October of 2023 in Holland. Active listings were also up 20% to 296 from 247.
Grand Haven / Spring Lake
- Average list price was down 1.21% to $673,914 in October 2024 vs October 2023.
- Number of active listings in Spring Lake and Grand Haven was up 10% to 228 in October 2024 vs October 2023 and number of sold listings was up 26% to 68.
As mid November is upon us and the holidays draw near, the real estate market remains vibrant and active. However, the challenge of limited inventory continues, with demand outpacing the available supply of homes and intensifying buyer competition. With fewer options on the market, finding the perfect property can be a challenge. Both buyers and sellers need savvy strategies to act quickly—whether to secure a home or attract interested buyers. Despite these inventory constraints, 2024 offers exciting opportunities for those ready to make their move.
Saugatuck / Douglas
20
New Listings
57
Active Listings
13
Under Contract
11
Closed Sales
Average Sale Price
Decreased
6.73%
Vs October 2023
$676,273
Average Sales Price
4.36
Months of Supply
52
Average Days on Market
$379.64
Average Price per Square Foot
Holland
130
New Listings
296
Active Listings
98
Under Contract
94
Closed Sales
Average Sale Price
Increased
3.32%
Vs October 2023
$419,632
Average Sales Price
2.16
Months of Supply
33
Average Days on Market
$271.74
Average Price per Square Foot
Grand Haven / Spring Lake
78
New Listings
228
Active Listings
72
Under Contract
68
Closed Sales
Average Sale Price
Increased
30.36%
Vs October 2023
$603,673
Average Sales Price
2.56
Months of Supply
45.5
Average Days on Market
$313.88
Average Price per Square Foot
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