Is Allegan County, 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, Allegan County has remained a Seller's Market.
Housing Prices in Allegan County, MI
How much do homes in Allegan County, MI cost?
Median Sold Price
$299,991
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Allegan County was $299,991 in April 2024, up 5.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $210K | +7.7% |
2 Bedrooms | $250K | $265K | +6.0% |
3 Bedrooms | $255K | $277K | +8.7% |
4 Bedrooms | $319.9K | $360K | +12.5% |
5+ Bedrooms | $415K | $394.2K | -5.0% |
Summary: Allegan County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Counties
Barry County | $255K | $275K | +7.9% |
Ottawa County | $336.8K | $360.1K | +6.9% |
Allegan County | $283.9K | $299.9K | +5.7% |
Van Buren County | $270.8K | $285.1K | +5.3% |
Kalamazoo County | $238.1K | $250K | +5.0% |
Housing Supply in Allegan County, MI
How many homes are available in Allegan County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
267 | 284 | +6.4% |
Summary: The Allegan County real estate market had 284 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 124 | 135 | +8.9% |
4 Bedrooms | 73 | 71 | -2.7% |
5+ Bedrooms | 34 | 38 | +11.8% |
Summary: The Allegan County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 83 | +9.2% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Allegan County in April 2024, up by 9.2% month-over-month. Of the 83 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% were sold over asking.
Days on Market for Allegan County, MI
How long does it take to sell a home in Allegan County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 32 Days | -37.3% |
Summary: Homes in Allegan County had an average of 32 days on market in Apr 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 83 homes were sold in Allegan County; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.