Northwest Michigan Housing Report February 2024
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 Type | Nov ’23 | Dec ’23 | Jan ’23 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 226 | 218 | 145 | -27% | 8% |
| Avg Price | $496,600 | $430,979 | $489,750 | 29% | 37% | |
| Waterfront | Sales | 47 | 21 | 27 | 8% | 50% |
| Avg Price | $947,650 | $934,619 | $1,089,126 | 52% | 58% | |
| Non-Waterfront | Sales | 141 | 164 | 100 | -25% | -2% |
| Avg Price | $395,478 | $386,006 | $351,730 | 5% | 15% | |
| Condo | Sales | 38 | 33 | 18 | -54% | 29% |
| Avg Price | $313,942 | $333,985 | $357,461 | 14% | 21% |
| Price Range | Nov ’23 | Dec ’23 | Jan ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 226 | 218 | 145 | -27% | 8% |
| $/SF | $271 | $238 | $267 | 32% | 35% | |
| Avg Price | $496,600 | $430,979 | $489,750 | 29% | 37% | |
| <$350k | Sales | 108 | 117 | 76 | -43% | -6% |
| $/SF | $183 | $180 | $167 | 7% | 21% | |
| $350k-$700k | Sales | 80 | 78 | 48 | 4% | 9% |
| $/SF | $240 | $230 | $233 | 20% | 6% | |
| >$700k | Sales | 38 | 23 | 21 | 17% | 133% |
| $/SF | $426 | $358 | $501 | 33% | 36% |
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