Are you considering buying or selling property in West Michigan? It's essential to stay informed about the local real estate market. By reviewing market trends and data, you can make smarter choices. Evaluating property values, available inventory, and how long homes stay on the market gives you a clearer picture of competition, value, and pricing. Want to dive deeper into the details? Let’s walk through the key insights together!
Saugatuck / Douglas
- Average list price was down 8.88% in September of 2024 ($1,262,412) vs September of 2023 ($1,385,507).
- There were 20 sold listings in September of 2024 up 33% from the 15 sold in September of 2023; number of pending listings was up an impressive 67% with 15 in September of 2024 and 9 in September of 2023; and the number of new listings was down 52% with 10 in September of 2024 and 21 in September of 2023.
Holland
- Average list price was up 35.88% to $870,691, and average sale price was down 8.43% to $414,503 in September 2024 vs September 2023.
- Number of sold listings was down 1% to 96, number of new listings was up 9% to 120 vs September of 2023 in Holland. Active listings were also up 15% to 278 from 241.
Grand Haven / Spring Lake
- Average list price was up .39% to $695,066 in September 2024 vs September 2023.
- Number of active listings in Spring Lake and Grand Haven was up 5% to 230 in September 2024 vs September 2023 and number of sold listings was down 6% to 61.
As October unfolds, bringing cooler temperatures and vivid fall colors, the real estate market is buzzing with activity. Yet, the ongoing challenge of limited inventory persists. Demand continues to surpass the supply of homes, driving up competition among buyers. With fewer choices available, finding that ideal property is more difficult. Both buyers and sellers need smart strategies to swiftly secure homes or capture the attention of prospective buyers. Despite these inventory limitations, 2024 remains an exciting time in real estate for those ready to take advantage of the opportunities.
Saugatuck / Douglas
10
New Listings
58
Active Listings
15
Under Contract
20
Closed Sales
Average Sale Price
Decreased
21.26%
Vs September 2023
$582,061
Average Sales Price
4.38
Months of Supply
36
Average Days on Market
$406.90
Average Price per Square Foot
Holland
120
New Listings
278
Active Listings
102
Under Contract
96
Closed Sales
Average Sale Price
Decreased
8.43%
Vs September 2023
$414,503
Average Sales Price
2
Months of Supply
27
Average Days on Market
$258.50
Average Price per Square Foot
Grand Haven / Spring Lake
86
New Listings
230
Active Listings
68
Under Contract
61
Closed Sales
Average Sale Price
Increased
39.58%
Vs September 2023
$620,204
Average Sales Price
2.66
Months of Supply
33.5
Average Days on Market
$357.51
Average Price per Square Foot
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