Northwest Michigan Housing Report December 2024
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
243
Nov New Listings
-35% from last month
158
New Pendings
-36% from last month
218
Closed Sales
-16% from last month
$269
Price Per Sq. Ft.
-7% from last month
$507K
Avg. Sale Price
-4% from last month
| Property Type | Sep ’24 | Oct ’24 | Nov ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 281 | 260 | 218 | -14% | -3% |
| Avg Price | $500,866 | $530,456 | $507,498 | 18% | 9% | |
| Waterfront | Sales | 65 | 47 | 36 | -12% | -5% |
| Avg Price | $851,505 | $963,977 | $1,005,261 | 22% | 12% | |
| Non-Waterfront | Sales | 176 | 178 | 143 | -15% | -4% |
| Avg Price | $394,013 | $454,206 | $416,917 | 16% | 7% | |
| Condo | Sales | 40 | 35 | 39 | -12% | 2% |
| Avg Price | $401,230 | $336,084 | $380,154 | 14% | 6% |
| Price Range | Sep ’24 | Oct ’24 | Nov ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 281 | 260 | 218 | -14% | -3% |
| $/SF | $274 | $290 | $269 | 16% | 8% | |
| Avg Price | $500,866 | $530,456 | $507,498 | 18% | 9% | |
| <$350k | Sales | 116 | 105 | 94 | -30% | -12% |
| $/SF | $172 | $186 | $178 | 11% | 7% | |
| $350k-$700k | Sales | 112 | 97 | 83 | -2% | 0% |
| $/SF | $257 | $232 | $242 | 5% | 2% | |
| >$700k | Sales | 53 | 58 | 41 | 26% | 17% |
| $/SF | $410 | $448 | $391 | 5% | 2% |
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