Northwest Michigan Housing Report November 2024
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
337
Oct New Listings
-8% from last month
183
New Pendings
-28% from last month
258
Closed Sales
-8% from last month
$291
Price Per Sq. Ft.
+6% from last month
$532K
Avg. Sale Price
+6% from last month
| Property Type | Aug ’24 | Sep ’24 | Oct ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 328 | 281 | 258 | -14% | -3% |
| Avg Price | $536,421 | $500,866 | $532,235 | 18% | 9% | |
| Waterfront | Sales | 71 | 65 | 45 | -13% | -3% |
| Avg Price | $1,019,200 | $851,505 | $993,442 | 22% | 13% | |
| Non-Waterfront | Sales | 198 | 176 | 178 | -15% | -5% |
| Avg Price | $391,167 | $394,013 | $454,206 | 14% | 8% | |
| Condo | Sales | 59 | 40 | 35 | -13% | 2% |
| Avg Price | $442,910 | $401,230 | $336,084 | 14% | 5% |
| Price Range | Aug ’24 | Sep ’24 | Oct ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 328 | 281 | 258 | -14% | -3% |
| $/SF | $286 | $274 | $291 | 15% | 9% | |
| Avg Price | $536,421 | $500,866 | $532,235 | 18% | 9% | |
| <$350k | Sales | 142 | 116 | 103 | -30% | -12% |
| $/SF | $176 | $172 | $184 | 11% | 8% | |
| $350k-$700k | Sales | 116 | 112 | 97 | -2% | 0% |
| $/SF | $236 | $257 | $232 | 4% | 3% | |
| >$700k | Sales | 70 | 53 | 58 | 23% | 18% |
| $/SF | $445 | $410 | $448 | 6% | 3% |
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