Northwest Michigan Housing Report January 2025
NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
152
Dec New Listings
-30% from last month
124
New Pendings
-33% from last month
191
Closed Sales
-13% from last month
$260
Price Per Sq. Ft.
-5% from last month
$479K
Avg. Sale Price
-7% from last month
| Property Type | Oct ’24 | Nov ’24 | Dec ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 255 | 220 | 191 | -13% | -4% |
| Avg Price | $538,997 | $515,652 | $478,764 | 18% | 9% | |
| Waterfront | Sales | 47 | 37 | 31 | -10% | -2% |
| Avg Price | $963,977 | $1,007,822 | $952,408 | 22% | 12% | |
| Non-Waterfront | Sales | 178 | 148 | 143 | -13% | -5% |
| Avg Price | $454,206 | $416,987 | $388,928 | 16% | 7% | |
| Condo | Sales | 30 | 35 | 17 | -15% | -2% |
| Avg Price | $376,287 | $412,572 | $370,738 | 14% | 7% |
| Price Range | Oct ’24 | Nov ’24 | Dec ’24 | YTD ’24 vs. ’22 | YTD ’24 vs. ’23 | |
| All Combined | Sales | 255 | 220 | 191 | -13% | -4% |
| $/SF | $294 | $272 | $260 | 15% | 8% | |
| Avg Price | $538,997 | $515,652 | $478,764 | 18% | 9% | |
| <$350k | Sales | 100 | 92 | 90 | -30% | -13% |
| $/SF | $193 | $184 | $188 | 11% | 7% | |
| $350k-$700k | Sales | 97 | 86 | 71 | 0% | -1% |
| $/SF | $232 | $243 | $234 | 4% | 2% | |
| >$700k | Sales | 58 | 42 | 30 | 28% | 18% |
| $/SF | $448 | $392 | $405 | 5% | 3% |
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