Is Ferrysburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ferrysburg has remained a Seller's Market.
Housing Prices in Ferrysburg, MI
How much do homes in Ferrysburg, MI cost?
Median Sold Price
$374,990
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ferrysburg was $374,990 in March 2024, up 19% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | - | N/A |
2 Bedrooms | $240K | $249.9K | +4.1% |
3 Bedrooms | $352.5K | $342.5K | -2.8% |
4 Bedrooms | $350K | $505K | +44.3% |
5+ Bedrooms | $537.4K | $378.8K | -29.5% |
Summary: Ferrysburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 44.3%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
Ferrysburg | $315K | $374.9K | +19.0% |
Grand Haven | $302.5K | $348.6K | +15.3% |
Spring Lake | $365K | $400K | +9.6% |
Spring Lake Township | $380K | $400K | +5.3% |
Housing Supply in Ferrysburg, MI
How many homes are available in Ferrysburg, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Summary: The Ferrysburg real estate market had 10 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Ferrysburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ferrysburg in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
4 Days | 20 Days | +410.0% |
Summary: Homes in Ferrysburg had an average of 20 days on market in Mar 2024, up by 410% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Ferrysburg; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.