Is Grand Haven, 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, Grand Haven has remained a Seller's Market.
Key Takeaway
Grand Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grand Haven, MI
How much do homes in Grand Haven, MI cost?
Median Sold Price
$354,987
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Grand Haven have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Grand Haven was $354,987 in April 2024, up 18.3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216K | $390K | +80.6% |
| 2 Bedrooms | $225K | $278.5K | +23.8% |
| 3 Bedrooms | $287K | $327K | +13.9% |
| 4 Bedrooms | $357K | $405.9K | +13.7% |
| 5+ Bedrooms | $529.9K | $489.9K | -7.5% |
Summary: Grand Haven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 7.5%.
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% |
| Grand Haven Charter Township | $338.9K | $355K | +4.7% |
| Spring Lake Township | $390.3K | $394K | +0.9% |
Housing Supply in Grand Haven, MI
How many homes are available in Grand Haven, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 111 | +24.7% |
Summary: The Grand Haven real estate market had 111 homes for sale in April 2024, a 24.7% 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 | 23 | 31 | +34.8% |
| 3 Bedrooms | 34 | 43 | +26.5% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Grand Haven 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 34.8%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grand Haven, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Grand Haven in April 2024, up by 19.2% month-over-month. Of the 31 sold homes, 16% were sold under asking, 26% were sold at asking, and 58% were sold over asking.
Days on Market for Grand Haven, MI
How long does it take to sell a home in Grand Haven, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 46 Days | +408.2% |
Summary: Homes in Grand Haven had an average of 46 days on market in Apr 2024, up by 408.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Grand Haven are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Grand Haven; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.