Is Newaygo 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, Newaygo County has remained a Seller's Market.
Housing Prices in Newaygo County, MI
How much do homes in Newaygo County, MI cost?
Median Sold Price
$220,708
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newaygo County was $220,708 in April 2024, up 7.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $114K | -0.9% |
2 Bedrooms | $166K | $164.9K | -0.6% |
3 Bedrooms | $205.3K | $224K | +9.1% |
4 Bedrooms | $265K | $279.9K | +5.6% |
5+ Bedrooms | $332.5K | $340.5K | +2.4% |
Summary: Newaygo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
Lake County | $134.9K | $150K | +11.2% |
Muskegon County | $198K | $214.9K | +8.5% |
Montcalm County | $210K | $227.3K | +8.2% |
Newaygo County | $206K | $220.7K | +7.1% |
Mecosta County | $199.5K | $205.2K | +2.8% |
Housing Supply in Newaygo County, MI
How many homes are available in Newaygo County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 159 | +24.2% |
Summary: The Newaygo County real estate market had 159 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 36 | 48 | +33.3% |
3 Bedrooms | 57 | 61 | +7.0% |
4 Bedrooms | 24 | 35 | +45.8% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Newaygo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 38 | +46.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Newaygo County in April 2024, up by 46.2% month-over-month. Of the 38 sold homes, 58% were sold under asking, 13% were sold at asking, and 29% were sold over asking.
Days on Market for Newaygo County, MI
How long does it take to sell a home in Newaygo County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 33 Days | -52.5% |
Summary: Homes in Newaygo County had an average of 33 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Newaygo County; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.