Northwest Michigan Housing Report May 2024
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
409
Apr New Listings
+40% from last month
165
New Pendings
-14% from last month
215
Closed Sales
+6% from last month
$279
Price Per Sq. Ft.
+16% from last month
$511K
Avg. Sale Price
+19% from last month
| Property Type | Feb ’24 | Mar ’24 | Apr ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 158 | 202 | 215 | -11% | 8% |
| Avg Price | $411,510 | $430,395 | $510,992 | 15% | 11% | |
| Waterfront | Sales | 14 | 28 | 32 | -7% | 0% |
| Avg Price | $1,260,421 | $830,589 | $1,194,767 | 30% | 33% | |
| Non-Waterfront | Sales | 114 | 121 | 147 | -11% | 5% |
| Avg Price | $329,683 | $377,490 | $400,226 | 8% | 5% | |
| Condo | Sales | 30 | 53 | 36 | -12% | 27% |
| Avg Price | $326,292 | $339,754 | $355,486 | 7% | 4% |
| Price Range | Feb ’24 | Mar ’24 | Apr ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 158 | 202 | 215 | -11% | 8% |
| $/SF | $232 | $239 | $279 | 16% | 10% | |
| Avg Price | $411,510 | $430,395 | $10,992 | 15% | 11% | |
| <$350k | Sales | 96 | 102 | 103 | -24% | 7% |
| $/SF | $172 | $175 | $188 | 13% | 13% | |
| $350k-$700k | Sales | 47 | 76 | 74 | 13% | 3% |
| $/SF | $219 | $230 | $237 | 6% | -4% | |
| >$700k | Sales | 15 | 24 | 38 | 7% | 24% |
| $/SF | $404 | $354 | $444 | 12% | 16% |
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