Northwest Michigan Housing Report October 2023
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 Type | Jul ’23 | Aug ’23 | Sep ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’21 | |
| All Combined | Sales | 236 | 300 | 278 | -12% | -12% |
| Avg Price | $580,920 | $525,408 | $523,894 | 24% | 6% | |
| Waterfront | Sales | 57 | 67 | 61 | -12% | -9% |
| Avg Price | $1,019,90 | $979,184 | $1,044,309 | 24% | 7% | |
| Non- Waterfront | Sales | 140 | 194 | 160 | -7% | -10% |
| Avg Price | $426,375 | $395,017 | $385,460 | 21% | 4% | |
| Condo | Sales | 39 | 39 | 57 | -28% | -20% |
| Avg Price | $494,415 | $394,458 | $355,546 | 33% | 9% |
| Price Range | Jul ’23 | Aug ’23 | YTD ’22 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
| All Combined | Sales | 236 | 300 | 278 | -12% | -12% |
| $/SF | $302 | $274 | $276 | 22% | 4% | |
| Avg Price | $580,920 | $525,408 | $523,894 | 24% | 6% | |
| <$350k | Sales | 79 | 128 | 121 | -36% | -22% |
| $/SF | $190 | $174 | $178 | 15% | 0% | |
| $350k-$700k | Sales | 108 | 111 | 108 | 18% | -4% |
| $/SF | $257 | $225 | $246 | 13% | 1% | |
| >$700k | Sales | 49 | 61 | 49 | 32% | 2% |
| $/SF | $439 | $441 | $411 | 8% | 2% |
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