Northwest Michigan Housing Report May 2025
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
467
Apr New Listings
+57% from last month
220
New Pendings
+8% from last month
203
Closed Sales
-1% from last month
$374
Price Per Sq. Ft.
+24% from last month
$557K
Avg. Sale Price
+32% from last month
| Property Type | Feb ’25 | Mar ’25 | Apr ’25 | YTD ’25 vs. ’23 | YTD ’25 vs. ’24 | |
| All Combined | Sales | 171 | 205 | 203 | 3% | -6% |
| Avg Price | $386,153 | $421,364 | $557,409 | 20% | 7% | |
| Waterfront | Sales | 13 | 12 | 24 | -14% | -6% |
| Avg Price | $838,123 | $949,958 | $1,555,166 | 38% | 4% | |
| Non-Waterfront | Sales | 132 | 148 | 147 | 7% | -5% |
| Avg Price | $344,255 | $383,604 | $425,205 | 18% | 7% | |
| Condo | Sales | 26 | 45 | 32 | 16% | -8% |
| Avg Price | $372,877 | $404,597 | $416,401 | 16% | 10% |
| Price Range | Feb ’25 | Mar ’25 | Apr ’25 | YTD ’25 vs. ’23 | YTD ’25 vs. ’24 | |
| All Combined | Sales | 171 | 205 | 203 | 3% | -6% |
| $/SF | $260 | $302 | $374 | 21% | 6% | |
| Avg Price | $386,153 | $421,364 | $557,406 | 20% | 7% | |
| <$350k | Sales | 102 | 116 | 87 | -2% | -9% |
| $/SF | $183 | $206 | $201 | 15% | 2% | |
| $350k-$700k | Sales | 51 | 68 | 82 | 3% | -2% |
| $/SF | $273 | $307 | $315 | 2% | 3% | |
| >$700k | Sales | 18 | 21 | 34 | 22% | -3% |
| $/SF | $467 | $569 | $719 | 36% | 9% |
Get our Michigan Housing Market Reports right in your inbox
Featured Stories
2 minutes The horses aren’t the only ones running in May. Across many Michigan markets, hot new listings are “coming soon” by Tuesday, hitting the market for showings on Friday, holding open [...]
Washtenaw County First Quarter Highlights
< 1 minute Washtenaw County’s housing market is entering the spring season with a dynamic mix of expanding inventory and persistent buyer demand. While closed sales were down 5% year-over-year in the first [...]
Southeast Michigan First Quarter Highlights
< 1 minute The Southeast Michigan housing market continues to show resilience as we move through the early months of 2025. Despite ongoing economic noise and cautious consumer sentiment, buyer activity has remained [...]
©2025 Max Broock. All rights reserved.