Northwest Michigan Housing Report June 2024
Blog Search
Subscribe
Get the latest Michigan Housing Reports delivered straight to your inbox!
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
488
May New Listings
+19% from last month
196
New Pendings
-18% from last month
267
Closed Sales
+22% from last month
$276
Price Per Sq. Ft.
-1% from last month
$522K
Avg. Sale Price
+3% from last month
| Property Type | Mar ’24 | Apr ’24 | May ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 204 | 218 | 267 | -9% | 8% |
| Avg Price | $429,773 | $507,597 | $522,512 | 18% | 12% | |
| Waterfront | Sales | 28 | 32 | 52 | 1% | 6% |
| Avg Price | $830,589 | $1,194,767 | $996,854 | 36% | 29% | |
| Non-Waterfront | Sales | 123 | 149 | 169 | -10% | 4% |
| Avg Price | $377,319 | $397,994 | $407,178 | 9% | 5% | |
| Condo | Sales | 53 | 37 | 46 | -11% | 24% |
| Avg Price | $339,754 | $354,662 | $410,026 | 8% | 9% |
| Price Range | Mar ’24 | Apr ’24 | May ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 204 | 218 | 267 | -9% | 8% |
| $/SF | $240 | $279 | $276 | 17% | 11% | |
| Avg Price | $429,773 | $507,597 | $522,512 | 18% | 12% | |
| <$350k | Sales | 103 | 106 | 100 | -24% | 1% |
| $/SF | $176 | $189 | $184 | 14% | 12% | |
| $350k-$700k | Sales | 77 | 74 | 117 | 9% | 11% |
| $/SF | $230 | $237 | $248 | 4% | 0% | |
| >$700k | Sales | 24 | 38 | 50 | 20% | 23% |
| $/SF | $354 | $444 | $404 | 13% | 15% |
