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Northwest Michigan Housing Report June 2024

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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 TypeMar ’24Apr ’24May ’24YTD ’24 vs. ’22YTD ’24 vs. ’23
All CombinedSales204218267-9%8%
Avg Price$429,773$507,597$522,51218%12%
WaterfrontSales2832521%6%
Avg Price$830,589$1,194,767$996,85436%29%
Non-WaterfrontSales123149169-10%4%
Avg Price$377,319$397,994$407,1789%5%
CondoSales533746-11%24%
Avg Price$339,754$354,662$410,0268%9%
Price RangeMar ’24Apr ’24May ’24YTD ’24 vs. ’22YTD ’24 vs. ’23
All CombinedSales204218267-9%8%
$/SF$240$279$27617%11%
Avg Price$429,773$507,597$522,51218%12%
<$350kSales103106100-24%1%
$/SF$176$189$18414%12%
$350k-$700kSales77741179%11%
$/SF$230$237$2484%0%
>$700kSales24385020%23%
$/SF$354$444$40413%15%

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