Is South Haven, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Haven has remained a Seller's Market.
Key Takeaway
South Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Haven, MI
How much do homes in South Haven, MI cost?
Median Sold Price
$400,462
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Haven have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in South Haven was $400,462 in May 2024, up 5.4% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $279.9K | +12.0% |
| 2 Bedrooms | $375K | $335K | -10.7% |
| 3 Bedrooms | $320K | $349.9K | +9.4% |
| 4 Bedrooms | $459.5K | $518K | +12.7% |
| 5+ Bedrooms | $740K | $730.3K | -1.3% |
Summary: South Haven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| South Haven | $379.9K | $400.4K | +5.4% |
| South Haven Charter Township | $379.9K | $400.4K | +5.4% |
| Casco Township | $400K | $407.5K | +1.9% |
Housing Supply in South Haven, MI
How many homes are available in South Haven, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 | 118 | +7.3% |
Summary: The South Haven real estate market had 118 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 5 | +400.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 34 | 43 | +26.5% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 35 | 30 | -14.3% |
Summary: The South Haven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 400%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Haven, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in South Haven in May 2024, up by 35.3% month-over-month. Of the 23 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for South Haven, MI
How long does it take to sell a home in South Haven, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 60 Days | +130.7% |
Summary: Homes in South Haven had an average of 60 days on market in May 2024, up by 130.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Haven are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in South Haven; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
