Is South Haven, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Haven was a Seller's Market.
Housing Prices in South Haven, MI
How much do homes in South Haven, MI cost?
Median Sold Price
$407,500
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Haven was $407,500 in March 2024, up 5.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.9K | $293K | +22.2% |
2 Bedrooms | $360K | $360K | 0.0% |
3 Bedrooms | $345K | $348.7K | +1.1% |
4 Bedrooms | $486K | $500K | +2.9% |
5+ Bedrooms | $1.0M | $740K | -26.0% |
Summary: South Haven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
South Haven Charter Township | $350K | $407.5K | +16.4% |
South Haven | $386K | $407.5K | +5.6% |
Casco Township | $395K | $410K | +3.8% |
Housing Supply in South Haven, MI
How many homes are available in South Haven, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 94 | +11.9% |
Summary: The South Haven real estate market had 94 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 29 | 26 | -10.3% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 21 | 30 | +42.9% |
Summary: The South Haven housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in South Haven in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for South Haven, MI
How long does it take to sell a home in South Haven, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 47 Days | -30.2% |
Summary: Homes in South Haven had an average of 47 days on market in Mar 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in South Haven; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.