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Northwest Michigan Housing Report January 2025

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NW 6-County Combined Summary

Waterfront, Non-Waterfront, Condo

152

Dec New Listings
-30% from last month

124

New Pendings
-33% from last month

191

Closed Sales
-13% from last month

$260

Price Per Sq. Ft.
-5% from last month

$479K

Avg. Sale Price
-7% from last month

Property TypeOct ’24Nov ’24Dec ’24YTD ’24 vs. ’22YTD ’24 vs. ’23
All CombinedSales255220191-13%-4%
Avg Price$538,997$515,652$478,76418%9%
WaterfrontSales473731-10%-2%
Avg Price$963,977$1,007,822$952,40822%12%
Non-WaterfrontSales178148143-13%-5%
Avg Price$454,206$416,987$388,92816%7%
CondoSales303517-15%-2%
Avg Price$376,287$412,572$370,73814%7%
Price RangeOct ’24Nov ’24Dec ’24YTD ’24 vs. ’22YTD ’24 vs. ’23
All CombinedSales255220191-13%-4%
$/SF$294$272$26015%8%
Avg Price$538,997$515,652$478,76418%9%
<$350kSales1009290-30%-13%
$/SF$193$184$18811%7%
$350k-$700kSales9786710%-1%
$/SF$232$243$2344%2%
>$700kSales58423028%18%
$/SF$448$392$4055%3%

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