Northwest Michigan Housing Report April 2024
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NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
295
Mar New Listings
+10% from last month
150
New Pendings
-12% from last month
200
Closed Sales
+26% from last month
$239
Price Per Sq. Ft.
+3% from last month
$427K
Avg. Sale Price
+4% from last month
| Property Type | Jan ’23 | Feb ’24 | Mar ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 152 | 159 | 200 | -14% | 0% |
| Avg Price | $477,728 | $411,356 | $427,014 | 7% | 11% | |
| Waterfront | Sales | 27 | 14 | 27 | -17% | -3% |
| Avg Price | $1,089,126 | $1,260,421 | $814,870 | 15% | 29% | |
| Non-Waterfront | Sales | 107 | 115 | 120 | -15% | -4% |
| Avg Price | $343,682 | $330,181 | $378,286 | 4% | 6% | |
| Condo | Sales | 18 | 30 | 53 | -11% | 25% |
| Avg Price | $357,461 | $326,292 | %$393,754 | 11% | 5% |
| Price Range | Jan ’24 | Feb ’24 | Mar ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 152 | 159 | 200 | -14% | 0% |
| $/SF | $265 | $232 | $239 | 10% | 9% | |
| Avg Price | $477,728 | $411,356 | $427,014 | 7% | 11% | |
| <$350k | Sales | 82 | 96 | 101 | -26% | -3% |
| $/SF | $167 | $172 | $177 | 11% | 11% | |
| $350k-$700k | Sales | 49 | 48 | 76 | 21% | 4% |
| $/SF | $233 | $219 | $229 | 7% | -2% | |
| >$700k | Sales | 21 | 15 | 23 | -19% | 9% |
| $/SF | $501 | $404 | $353 | 8% | 10% |
