Is Ottawa 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, Ottawa County has remained a Seller's Market.
Key Takeaway
Ottawa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ottawa County, MI
How much do homes in Ottawa County, MI cost?
Median Sold Price
$360,131
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ottawa County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Ottawa County was $360,131 in April 2024, up 6.9% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.9K | $238.7K | +13.7% |
| 2 Bedrooms | $244.9K | $265K | +8.2% |
| 3 Bedrooms | $315.3K | $335.9K | +6.5% |
| 4 Bedrooms | $375K | $399.9K | +6.7% |
| 5+ Bedrooms | $499.9K | $499K | -0.2% |
Summary: Ottawa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
| Muskegon County | $198K | $214.9K | +8.5% |
| Kent County | $295.9K | $320.2K | +8.2% |
| Ottawa County | $336.8K | $360.1K | +6.9% |
| Allegan County | $283.9K | $299.9K | +5.7% |
Housing Supply in Ottawa County, MI
How many homes are available in Ottawa County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 768 | 820 | +6.8% |
Summary: The Ottawa County real estate market had 820 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 19 | +11.8% |
| 2 Bedrooms | 125 | 144 | +15.2% |
| 3 Bedrooms | 290 | 298 | +2.8% |
| 4 Bedrooms | 252 | 267 | +6.0% |
| 5+ Bedrooms | 84 | 92 | +9.5% |
Summary: The Ottawa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 239 | 257 | +7.5% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
106 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ottawa County, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 257 homes were sold or pending in Ottawa County in April 2024, up by 7.5% month-over-month. Of the 257 sold homes, 32% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for Ottawa County, MI
How long does it take to sell a home in Ottawa County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 37 Days | -5.3% |
Summary: Homes in Ottawa County had an average of 37 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ottawa County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 257 homes were sold in Ottawa County; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.