Is Holland, 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, Holland has remained a Seller's Market.
Housing Prices in Holland, MI
How much do homes in Holland, MI cost?
Median Sold Price
$335,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Holland was $335,000 in March 2024, up 9.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $233.7K | +26.4% |
2 Bedrooms | $235K | $260.7K | +11.0% |
3 Bedrooms | $300.1K | $320K | +6.6% |
4 Bedrooms | $345K | $393.6K | +14.1% |
5+ Bedrooms | $565K | $528.5K | -6.5% |
Summary: Holland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Holland | $291.3K | $335K | +15.0% |
Holland | $305K | $335K | +9.8% |
Holland Charter Township | $311K | $334.9K | +7.7% |
Park Township | $399.9K | $424.9K | +6.3% |
Fillmore Township | $352.5K | $292.5K | -17.0% |
Housing Supply in Holland, MI
How many homes are available in Holland, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
195 | 226 | +15.9% |
Summary: The Holland real estate market had 226 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 34 | 44 | +29.4% |
3 Bedrooms | 87 | 83 | -4.6% |
4 Bedrooms | 55 | 75 | +36.4% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Holland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 67 | +26.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Holland in March 2024, up by 26.4% month-over-month. Of the 67 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 40 Days | +69.4% |
Summary: Homes in Holland had an average of 40 days on market in Mar 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 67 homes were sold in Holland; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.