Northwest Michigan Housing Report December 2023
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6-County Combined Summary
Waterfront, Non-Waterfront, Condo
245
Nov New Listings
-29% from last month
149
New Pendings
-44% from last month
224
Closed Sales
-30% from last month
$270
Price Per Sq. Ft.
+2% from last month
$497K
Avg. Sale Price
+5% from last month
| Property Type | Sep ’23 | Oct ’23 | Nov ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
| All Combined | Sales | 327 | 318 | 224 | -24% | -11% |
| Avg Price | $480,274 | $472,870 | $497,017 | 21% | 9% | |
| Waterfront | Sales | 67 | 57 | 47 | -25% | -7% |
| Avg Price | $986,997 | $872,818 | $947,650 | 21% | 9% | |
| Non-Waterfront | Sales | 199 | 208 | 140 | -22% | -12% |
| Avg Price | $352,406 | $376,172 | $393,338 | 20% | 7% | |
| Condo | Sales | 61 | 53 | 37 | -28% | -14% |
| Avg Price | $340,854 | $422,228 | $316,886 | 27% | 7% |
| Price Range | Sep ’23 | Oct ’23 | Nov ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
| All Combined | Sales | 327 | 318 | 224 | -24% | -11% |
| $/SF | $257 | $264 | $270 | 21% | 7% | |
| Avg Price | $480,274 | $472,870 | $497,017 | 21% | 9% | |
| <$350k | Sales | 162 | 156 | 107 | -40% | -21% |
| $/SF | $162 | $175 | $183 | 13% | 3% | |
| $350k-$700k | Sales | 115 | 113 | 79 | 0% | -2% |
| $/SF | $239 | $234 | $238 | 11% | 2% | |
| >$700k | Sales | 50 | 49 | 38 | 10% | 8% |
| $/SF | $409 | $447 | $426 | 8% | 3% |
