Is Grand 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, Grand Haven has remained a Seller's Market.
Key Takeaway
Grand Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Haven, MI
How much do homes in Grand Haven, MI cost?
Median Sold Price
$353,712
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Grand Haven have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Grand Haven was $353,712 in May 2024, up 6.9% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216K | $390K | +80.6% |
| 2 Bedrooms | $225K | $279.4K | +24.2% |
| 3 Bedrooms | $311K | $319.9K | +2.9% |
| 4 Bedrooms | $401.7K | $437.5K | +8.9% |
| 5+ Bedrooms | $488K | $509.5K | +4.4% |
Summary: Grand Haven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Ferrysburg | $319.9K | $347.4K | +8.6% |
| Grand Haven Charter Township | $330.6K | $356.3K | +7.8% |
| Grand Haven | $330.8K | $353.7K | +6.9% |
| Spring Lake | $375.6K | $388.9K | +3.5% |
| Spring Lake Township | $377.1K | $388.9K | +3.1% |
Housing Supply in Grand Haven, MI
How many homes are available in Grand Haven, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 125 | +4.2% |
Summary: The Grand Haven real estate market had 125 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 31 | -8.8% |
| 3 Bedrooms | 45 | 50 | +11.1% |
| 4 Bedrooms | 30 | 33 | +10.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Grand Haven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Haven, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Grand Haven in May 2024, up by 14.7% month-over-month. Of the 39 sold homes, 28% were sold under asking, 13% were sold at asking, and 59% were sold over asking.
Days on Market for Grand Haven, MI
How long does it take to sell a home in Grand Haven, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 24 Days | -58.4% |
Summary: Homes in Grand Haven had an average of 24 days on market in May 2024, down by 58.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Haven are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 39 homes were sold in Grand Haven; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
