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If you're considering buying or selling a home in West Michigan, it's crucial to have a firm understanding of the current real estate data. Being knowledgeable about market trends and statistics will empower you to make informed decisions and better prepare you for your buying or selling journey. By closely analyzing factors such as average home prices, inventory levels, and days on the market, you can assess competition, determine property values, and establish an effective pricing strategy.
Here are some key insights...
Saugatuck / Douglas
- Average list price was up 38.44% in September of 2023 ($1,423,493) vs September of 2022 ($1,028,237).
- There were 12 sold listings in September of 2023 staying the same as the 12 sold in September of 2022; number of pending listings went down 64% with 6 in September of 2023 vs 17 in September of 2022; and number of new listings was also down 6% with 14 in September 2023 and 15 in September of 2022.
Holland
- Average list price was up 12.65% to $618,759, and average sale price was also up 17.99% to $458,541 in September 2023 vs September 2022.
- Number of sold listings was down 33% to 65, number of new listings was down 13% to 82 vs September of 2022 in Holland. Active listings were also down 6% to 170 from 182.
Grand Haven / Spring Lake
- Average list price is up 9.695% in September 2023 vs September 2022.
- Number of active listings in Spring Lake and Grand Haven was down 15% (158) in September 2023 vs September 2022 (187).
As temperatures drop and leaves fall, the real estate market remains vibrant. The cooler weather sets a perfect stage for home buying and selling. However, in this active market, a persistent challenge persists: limited inventory. The demand for homes consistently surpasses the available supply, creating a competitive environment for buyers. With fewer choices, the quest for the perfect property becomes more challenging. Both buyers and sellers must navigate this obstacle, strategizing and acting promptly to secure desired homes or attract potential buyers. Despite the inventory challenge, the Fall real estate market offers an exciting opportunity for those eager to make their next move.
Saugatuck / Douglas
14
New Listings
32
Active Listings
6
Under Contract
12
Closed Sales
Average Sale Price
Increased
3.02%
Vs September 2022
$739,253
Average Sales Price
2.58
Months of Supply
29
Average Days on Market
$410.90
Average Price per Square Foot
Holland
82
New Listings
170
Active Listings
62
Under Contract
65
Closed Sales
Average Sale Price
Increased
17.99%
Vs September 2022
$458,541
Average Sales Price
1.73
Months of Supply
25
Average Days on Market
$264.21
Average Price per Square Foot
Grand Haven / Spring Lake
55
New Listings
158
Active Listings
40
Under Contract
44
Closed Sales
Average Sale Price
Increased
6.99%
Vs September 2022
$452,224
Average Sales Price
2.63
Months of Supply
34.5
Average Days on Market
$286.45
Average Price per Square Foot
Curious about what your home is worth now?
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