Is Allegan County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allegan County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Allegan County has remained a Seller's Market.

Key Takeaway

Allegan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Allegan County, MI cost?

Median Sold Price

$276,825

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$26,866(+10.7%)

Key Takeaway

Homes in Allegan County have sold for 10.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $166.7K$197.5K
+18.4%
2 $206K$239.9K
+16.5%
3 $226.1K$253K
+11.9%
4 $294.4K$325K
+10.4%
5+ $445K$424.9K
-4.5%

Median Sold Price Compared To Nearby Counties

Ottawa County
+13.8%
Barry County
+11.9%
Allegan County
+10.7%
Van Buren County
+6.0%
Kalamazoo County
+5.9%

How many homes are available in Allegan County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
448431-3.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 54
-20.0%
2 8186
+6.2%
3 211201
-4.7%
4 10597
-7.6%
5+ 4643
-6.5%

Number of Homes Sold

Aug 2022Sep 2022%
148114-23.0%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allegan County, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Allegan County, MI

Allegan County, MI has 431 homes for sale to choose from. The inventory of homes for sale in Allegan County, MI between August 2022 and September 2022 decreased by 3.8%. This housing market listing prices have changed between August 2022 and September 2022: 1 bedroom properties prices increased by 18.4%, prices of 2 bedrooms properties went up by 16.5%, the cost of 3 bedrooms properties went up by 11.9%, prices of 4 bedrooms properties went up by 10.4%, the cost of 5 bedrooms properties went down by 4.5%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 20%, number of 2 bedrooms homes increased by 6.2%, 3 bedrooms homes inventory decreased by 4.7%, 4 bedrooms homes inventory decreased by 7.6%, volume of 5 bedrooms homes went down by 6.5%. While more than 44 listings in Allegan County, MI in September 2022 were sold above asking price, there were more than 25 listings sold at asking price, and more than 45 were sold below.

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