Is Ottawa County, 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, Ottawa County has remained a Seller's Market.
Housing Prices in Ottawa County, MI
How much do homes in Ottawa County, MI cost?
Median Sold Price
$358,565
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ottawa County was $358,565 in March 2024, up 6.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198.9K | $249.9K | +25.6% |
2 Bedrooms | $241.4K | $261.4K | +8.3% |
3 Bedrooms | $314.9K | $335K | +6.4% |
4 Bedrooms | $374.9K | $399.7K | +6.6% |
5+ Bedrooms | $500K | $483.7K | -3.3% |
Summary: Ottawa County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Counties
Kent County | $296.3K | $319.8K | +7.9% |
Ottawa County | $335.7K | $358.5K | +6.8% |
Allegan County | $280.9K | $300K | +6.8% |
Muskegon County | $199.8K | $212.9K | +6.5% |
Housing Supply in Ottawa County, MI
How many homes are available in Ottawa County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
666 | 736 | +10.5% |
Summary: The Ottawa County real estate market had 736 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 17 | +6.3% |
2 Bedrooms | 103 | 116 | +12.6% |
3 Bedrooms | 250 | 275 | +10.0% |
4 Bedrooms | 226 | 243 | +7.5% |
5+ Bedrooms | 71 | 85 | +19.7% |
Summary: The Ottawa County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 19.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 213 | +28.3% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
84 Homes Were Sold
Over Asking
Summary: A total of 213 homes were sold or pending in Ottawa County in March 2024, up by 28.3% month-over-month. Of the 213 sold homes, 40% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for Ottawa County, MI
How long does it take to sell a home in Ottawa County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 50 Days | +11.5% |
Summary: Homes in Ottawa County had an average of 50 days on market in Mar 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During March 2024, 213 homes were sold in Ottawa County; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.