Is Allendale, 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, Allendale has remained a Seller's Market.
Housing Prices in Allendale, MI
How much do homes in Allendale, MI cost?
Median Sold Price
$380,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Allendale was $380,000 in April 2024, up 5.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $320K | -5.2% |
2 Bedrooms | $371.9K | $299.9K | -19.4% |
3 Bedrooms | $341K | $374.9K | +10.0% |
4 Bedrooms | $365K | $375K | +2.8% |
5+ Bedrooms | $417.5K | $452.5K | +8.4% |
Summary: Allendale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Blendon Township | $389K | $435.1K | +11.9% |
Allendale | $360K | $380K | +5.6% |
Allendale Charter Township | $360K | $380K | +5.6% |
Marne | $355K | $331K | -6.8% |
Housing Supply in Allendale, MI
How many homes are available in Allendale, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 73 | +9.0% |
Summary: The Allendale real estate market had 73 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Allendale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 24 | +166.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Allendale in April 2024, up by 166.7% month-over-month. Of the 24 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for Allendale, MI
How long does it take to sell a home in Allendale, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 49 Days | -3.0% |
Summary: Homes in Allendale had an average of 49 days on market in Apr 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Allendale; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.