Is Ferrysburg, 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, Ferrysburg has remained a Seller's Market.
Key Takeaway
Ferrysburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferrysburg, MI
How much do homes in Ferrysburg, MI cost?
Median Sold Price
$358,700
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ferrysburg have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Ferrysburg was $358,700 in April 2024, up 12.1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $240K | $249.9K | +4.1% |
| 3 Bedrooms | $352.5K | $332.5K | -5.7% |
| 4 Bedrooms | $320K | $380K | +18.8% |
| 5+ Bedrooms | $375K | $378.8K | +1.0% |
Summary: Ferrysburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
| Grand Haven | $300.2K | $354.9K | +18.3% |
| Ferrysburg | $319.9K | $358.7K | +12.1% |
| Spring Lake | $365.9K | $396K | +8.2% |
| Spring Lake Township | $390.3K | $394K | +0.9% |
Housing Supply in Ferrysburg, MI
How many homes are available in Ferrysburg, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Ferrysburg real estate market had 12 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 0 | -100.0% |
Summary: The Ferrysburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferrysburg, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Ferrysburg in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Ferrysburg, MI
How long does it take to sell a home in Ferrysburg, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 6 Days | +220.0% |
Summary: Homes in Ferrysburg had an average of 6 days on market in Apr 2024, up by 220% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ferrysburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Ferrysburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
