Is Allendale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Allendale was a Seller's Market.
Housing Prices in Allendale, MI
How much do homes in Allendale, MI cost?
Median Sold Price
$374,900
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Allendale was $374,900 in March 2024, up 3.8% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $320K | -5.2% |
2 Bedrooms | $410K | $344K | -16.1% |
3 Bedrooms | $345K | $374.9K | +8.7% |
4 Bedrooms | $365.3K | $365K | -0.1% |
5+ Bedrooms | $445K | $444K | -0.2% |
Summary: Allendale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Blendon Township | $377.4K | $432.5K | +14.6% |
Allendale | $361.1K | $374.9K | +3.8% |
Allendale Charter Township | $361.1K | $374.9K | +3.8% |
Marne | $389.9K | $331K | -15.1% |
Housing Supply in Allendale, MI
How many homes are available in Allendale, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 68 | +13.3% |
Summary: The Allendale real estate market had 68 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Allendale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Allendale in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Allendale, MI
How long does it take to sell a home in Allendale, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 51 Days | -38.9% |
Summary: Homes in Allendale had an average of 51 days on market in Mar 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Allendale; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.