Northwest Michigan Housing Report October 2024
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
397
Sep New Listings
-20% from last month
198
New Pendings
-39% from last month
278
Closed Sales
-15% from last month
$276
Price Per Sq. Ft.
-3% from last month
$503K
Avg. Sale Price
-6% from last month
| Property Type | Jul ’24 | Aug ’24 | Sep ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 280 | 327 | 278 | -14% | -1% |
| Avg Price | $570,935 | $537,434 | $503,141 | 17% | 9% | |
| Waterfront | Sales | 50 | 71 | 64 | -12% | -1% |
| Avg Price | $1,250,856 | $1,019,200 | $860,822 | 22% | 13% | |
| Non-Waterfront | Sales | 178 | 198 | 174 | -15% | -3% |
| Avg Price | $394,594 | $391,167 | $395,008 | 12% | 6% | |
| Condo | Sales | 52 | 58 | 40 | -11% | 7% |
| Avg Price | $520,797 | $447,012 | $401,230 | 17% | 9% |
| Price Range | Jul ’24 | Aug ’24 | Sep ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 280 | 327 | 278 | -14% | -1% |
| $/SF | $290 | $286 | $276 | 14% | 9% | |
| Avg Price | $570,935 | $537,434 | $503,141 | 17% | 9% | |
| <$350k | Sales | 120 | 141 | 114 | -29% | -9% |
| $/SF | $166 | $175 | $174 | 10% | 9% | |
| $350k-$700k | Sales | 92 | 116 | 111 | -2% | 2% |
| $/SF | $235 | $236 | $258 | 5% | 3% | |
| >$700k | Sales | 68 | 70 | 53 | 19% | 18% |
| $/SF | $424 | $445 | $410 | 6% | 4% |
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