$7,588 Closing Credit*
$639,000
967 SqFt
2 Beds
•1 Full Bath, 1 Partial
Heidi R Kremer, Listing Office: Polaris Real Estate LLC
Is Ferrysburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Ferrysburg has remained a Seller's Market.
Key Takeaway
Ferrysburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferrysburg, MI
How much do homes in Ferrysburg, MI cost?
Median Sold Price
$368,990
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,740(+6.6%)
Key Takeaway
Homes in Ferrysburg have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Ferrysburg was $368,990 in September 2024, up 6.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | - | N/A |
| 2 Bedrooms | $261.7K | $250K | -4.5% |
| 3 Bedrooms | $342.5K | $470K | +37.2% |
| 4 Bedrooms | $442.5K | $410K | -7.3% |
| 5+ Bedrooms | $662.5K | $376.9K | -43.1% |
Summary: Ferrysburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 37.2%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Ferrysburg | $346.2K | $368.9K | +6.6% |
| Grand Haven | $344.9K | $360.3K | +4.4% |
| Spring Lake | $399.9K | $401.7K | 0.4% |
| Spring Lake Township | $399.9K | $401.7K | 0.4% |
Housing Supply in Ferrysburg, MI
How many homes are available in Ferrysburg, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Ferrysburg real estate market had 21 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ferrysburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ferrysburg, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Ferrysburg in September 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Ferrysburg, MI
How long does it take to sell a home in Ferrysburg, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 8 Days | -72.3% |
Summary: Homes in Ferrysburg had an average of 8 days on market in Sep 2024, down by 72.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ferrysburg are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Ferrysburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
