Northwest Michigan Housing Report March 2025
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
214
Feb New Listings
-21% from last month
145
New Pendings
-14% from last month
168
Closed Sales
+3% from last month
$261
Price Per Sq. Ft.
-26% from last month
$388K
Avg. Sale Price
-30% from last month
| Property Type | Dec ’24 | Jan ’25 | Feb ’25 | YTD ’25 vs. ’23 | YTD ’25 vs. ’24 | |
| All Combined | Sales | 215 | 163 | 168 | 15% | -1% |
| Avg Price | $476,304 | $557,789 | $388,346 | 27% | 9% | |
| Waterfront | Sales | 23 | 12 | 13 | -22% | -4% |
| Avg Price | $1,171,965 | $1,477,833 | $838,123 | 36% | -17% | |
| Non-Waterfront | Sales | 170 | 123 | 129 | 14% | -3% |
| Avg Price | $403,498 | $528,216 | $346,137 | 36% | 22% | |
| Condo | Sales | 22 | 28 | 26 | 50% | 10% |
| Avg Price | $311,606 | $293,394 | $372,877 | 20% | -2% |
| Price Range | Dec ’24 | Jan ’25 | Feb ’25 | YTD ’25 vs. ’23 | YTD ’25 vs. ’24 | |
| All Combined | Sales | 215 | 163 | 168 | 15% | -1% |
| $/SF | $320 | $351 | $261 | 21% | 3% | |
| Avg Price | $476,304 | $557,789 | $388,346 | 27% | 9% | |
| <$350k | Sales | 107 | 86 | 100 | 9% | -6% |
| $/SF | $200 | $188 | $183 | 11% | -1% | |
| $350k-$700k | Sales | 74 | 50 | 50 | 6% | 0% |
| $/SF | $310 | $298 | $274 | 2% | -1% | |
| >$700k | Sales | 345 | 27 | 18 | 88% | 18% |
| $/SF | $535 | $633 | $467 | 19% | -8% |
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