Blog > Housing Report > Northwest Michigan > Northwest Michigan Housing Report October 2023

Northwest Michigan Housing Report October 2023

Subscribe

Get the latest Michigan Housing Reports delivered straight to your inbox!

Select report(s) to receive:

Topics

5-County Combined Summary

Waterfront, Non-Waterfront, Condo

360

Sep New Listings
-11% from last month

211

New Pendings
-30% from last month

278

Closed Sales
-7% from last month

$276

Price Per Sq. Ft.
+1% from last month

$524K

Avg. Sale Price
even with last month

Property TypeJul ’23Aug ’23Sep ’23YTD ’23 vs. ’21YTD ’23 vs. ’21
All CombinedSales236300278-12%-12%
Avg Price$580,920$525,408$523,89424%6%
WaterfrontSales576761-12%-9%
Avg Price$1,019,90$979,184$1,044,30924%7%
Non- WaterfrontSales140194160-7%-10%
Avg Price$426,375$395,017$385,46021%4%
CondoSales393957-28%-20%
Avg Price$494,415$394,458$355,54633%9%
Price RangeJul ’23Aug ’23YTD ’22YTD ’23 vs. ’21YTD ’23 vs. ’22
All CombinedSales236300278-12%-12%
$/SF$302$274$27622%4%
Avg Price$580,920$525,408$523,89424%6%
<$350kSales79128121-36%-22%
$/SF$190$174$17815%0%
$350k-$700kSales10811110818%-4%
$/SF$257$225$24613%1%
>$700kSales49614932%2%
$/SF$439$441$4118%2%

Get our Michigan Housing Market Reports right in your inbox

Which report(s) would you like to receive?

Featured Stories

View all →

Shift Toward Cash Transactions

2 minutes In recent years, the real estate market has experienced a noticeable shift with an increase in the percentage of cash sales. This trend has been particularly evident in Metro Detroit [...]

Read More

Northwest, Michigan YTD Sales and Prices

< 1 minute 2023 vs. 2022 and Pre-Pandemic 2019 Waterfront Sales of waterfront properties have declined by 8% compared to last year, and range between a 25% to 30% decline when compared to [...]

Read More

Northwest, Michigan – Supply Down, Demand Strong, Prices at Historic Highs

< 1 minute The Northwest Michigan real estate market continues to see historic trends as we move through the summer of 2023. While inventory has dropped 4% compared to June of 2022 and [...]

Read More

View all featured stories →