Is Holland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Holland has remained a Seller's Market.
Key Takeaway
Holland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Holland, MI
How much do homes in Holland, MI cost?
Median Sold Price
$337,100
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Holland have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Holland was $337,100 in April 2024, up 14.2% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $233.7K | +33.6% |
| 2 Bedrooms | $230K | $260K | +13.0% |
| 3 Bedrooms | $295.9K | $320.5K | +8.3% |
| 4 Bedrooms | $330K | $394.9K | +19.7% |
| 5+ Bedrooms | $473.7K | $554K | +16.9% |
Summary: Holland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.6%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Holland | $295.1K | $337.1K | +14.2% |
| Holland | $305.8K | $338.1K | +10.6% |
| Holland Charter Township | $315K | $337.2K | +7.1% |
| Park Township | $401.2K | $424.9K | +5.9% |
Housing Supply in Holland, MI
How many homes are available in Holland, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 236 | 243 | +3.0% |
Summary: The Holland real estate market had 243 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 46 | 52 | +13.0% |
| 3 Bedrooms | 90 | 84 | -6.7% |
| 4 Bedrooms | 76 | 73 | -3.9% |
| 5+ Bedrooms | 17 | 25 | +47.1% |
Summary: The Holland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 47.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 79 | +8.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holland, you could pay more than the asking price. 38% of homes here sold above asking price last month.
Summary: A total of 79 homes were sold or pending in Holland in April 2024, up by 8.2% month-over-month. Of the 79 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for Holland, MI
How long does it take to sell a home in Holland, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 27 Days | -37.9% |
Summary: Homes in Holland had an average of 27 days on market in Apr 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 79 homes were sold in Holland; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.