Northwest Michigan Housing Report November 2023
5-County Combined Summary
Waterfront, Non-Waterfront, Condo
295
Oct New Listings
-19% from last month
166
New Pendings
-33% from last month
272
Closed Sales
-3% from last month
$281
Price Per Sq. Ft.
+2% from last month
$516K
Avg. Sale Price
even with last month
| Property Type | Aug ’23 | Sep ’23 | Oct ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
| All Combined | Sales | 300 | 279 | 272 | -23% | -10% |
| Avg Price | $525,336 | $522,912 | $516,053 | 22% | 7% | |
| Waterfront | Sales | 67 | 61 | 54 | -25% | -9% |
| Avg Price | $979,184 | $1,044,309 | $903,280 | 21% | 8% | |
| Non-Waterfront | Sales | 194 | 161 | 169 | -20% | -9% |
| Avg Price | $394,906 | $384,618 | $413,754 | 20% | 4% | |
| Condo | Sales | 39 | 57 | 49 | -32% | -18% |
| Avg Price | $394,458 | $355,546 | $442,139 | 33% | 10% |
| Price Range | Aug ’23 | Sep ’23 | Oct ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
| All Combined | Sales | 300 | 279 | 272 | -23% | -10% |
| $/SF | $274 | $275 | $281 | 20% | 5% | |
| Avg Price | $525,336 | $522,912 | $516,053 | 22% | 7% | |
| <$350k | Sales | 128 | 122 | 114 | -43% | -21% |
| $/SF | $174 | $177 | $191 | 14% | 1% | |
| $350k-$700k | Sales | 112 | 108 | 109 | 1% | -2% |
| $/SF | $225 | $246 | $236 | 11% | 1% | |
| >$700k | Sales | 60 | 49 | 49 | 9% | 4% |
| $/SF | $443 | $411 | $447 | 9% | 2% |
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