Is Grand Haven, 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, 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
$348,675
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Grand Haven have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Grand Haven was $348,675 in March 2024, up 15.3% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216K | $290K | +34.3% |
| 2 Bedrooms | $234K | $270K | +15.4% |
| 3 Bedrooms | $287K | $325K | +13.2% |
| 4 Bedrooms | $350K | $405.4K | +15.8% |
| 5+ Bedrooms | $529.9K | $489.9K | -7.5% |
Summary: Grand Haven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 7.5%.
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% |
| Grand Haven Charter Township | $344.9K | $349.9K | +1.5% |
Housing Supply in Grand Haven, MI
How many homes are available in Grand Haven, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 84 | +6.3% |
Summary: The Grand Haven real estate market had 84 homes for sale in March 2024, a 6.3% 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 | 15 | 20 | +33.3% |
| 3 Bedrooms | 26 | 33 | +26.9% |
| 4 Bedrooms | 28 | 21 | -25.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Grand Haven 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 increased by 33.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Haven, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Grand Haven in March 2024, down by 20.7% month-over-month. Of the 23 sold homes, 39% were sold under asking, 9% were sold at asking, and 52% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 111 Days | +244.3% |
Summary: Homes in Grand Haven had an average of 111 days on market in Mar 2024, up by 244.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Grand Haven are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 23 homes were sold in Grand Haven; 39% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
