Is Ottawa County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ottawa County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Ottawa County has remained a Seller's Market.

Key Takeaway

Ottawa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Ottawa County, MI cost?

Median Sold Price

$324,492

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$39,457(+13.8%)

Key Takeaway

Homes in Ottawa County have sold for 13.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $211K$187K
-11.4%
2 $206.1K$235.6K
+14.3%
3 $260.8K$300.5K
+15.2%
4 $330.2K$365K
+10.5%
5+ $409.4K$472.2K
+15.3%

Median Sold Price Compared To Nearby Counties

Ottawa County
+13.8%
Muskegon County
+11.9%
Kent County
+11.7%
Allegan County
+10.7%

How many homes are available in Ottawa County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
1,1261,114-1.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1318
+38.5%
2 174180
+3.4%
3 434418
-3.7%
4 366357
-2.5%
5+ 139141
+1.4%

Number of Homes Sold

Aug 2022Sep 2022%
357305-14.6%

Asking Price vs. Sold Price

128 Homes Were Sold
Under Asking

64 Homes Were Sold
At Asking

113 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ottawa County, you may be able to get a good deal. 42% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
13 Days32 Days+146.2%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ottawa County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ottawa County, MI

Ottawa County, MI has 1,114 homes for sale to choose from. The inventory of homes for sale in Ottawa County, MI between August 2022 and September 2022 decreased by 1.1%. Listings spent 32 days on the market in September 2022, and had a median list price of $324,492 during the same period. Real estate listing prices changed between August 2022 and September 2022: the cost of 1 bedroom properties went down by 11.4%, prices of 2 bedrooms properties increased by 14.3%, prices of 3 bedrooms properties increased by 15.2%, 4 bedrooms properties became 10.5% more expensive, 5 bedrooms properties prices increased by 15.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 38.5%, 2 bedrooms homes inventory increased by 3.4%, 3 bedrooms homes became 3.7% less available, the quantity of 4 bedrooms homes went down by 2.5%, 5 bedrooms homes inventory increased by 1.4%. Ottawa County, MI housing market in September 2022 saw over 113 listings sold above listed price, more than 64 sold at listed price and over 128 sold below.

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