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Northwest Michigan Housing Report February 2024

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NW 6-County Combined Summary

Waterfront, Non-Waterfront, Condo

237

Jan New Listings
+24% from last month

113

New Pendings
-39% from last month

145

Closed Sales
-33% from last month

$267

Price Per Sq. Ft.
+12% from last month

$490K

Avg. Sale Price
+14% from last month

Property TypeNov ’23Dec ’23Jan ’23YTD ’24 vs. ’22YTD ’24 vs. ’23
All CombinedSales226218145-27%8%
Avg Price$496,600$430,979$489,75029%37%
WaterfrontSales4721278%50%
Avg Price$947,650$934,619$1,089,12652%58%
Non-WaterfrontSales141164100-25%-2%
Avg Price$395,478$386,006$351,7305%15%
CondoSales383318-54%29%
Avg Price$313,942$333,985$357,46114%21%
Price RangeNov ’23Dec ’23Jan ’24YTD ’24 vs. ’22YTD ’24 vs. ’23
All CombinedSales226218145-27%8%
$/SF$271$238$26732%35%
Avg Price$496,600$430,979$489,75029%37%
<$350kSales10811776-43%-6%
$/SF$183$180$1677%21%
$350k-$700kSales8078484%9%
$/SF$240$230$23320%6%
>$700kSales38232117%133%
$/SF$426$358$50133%36%

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