Is Ottawa County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ottawa County has remained a Seller's Market.
Housing Prices in Ottawa County, MI
How much do homes in Ottawa County, MI cost?
Median Sold Price
$360,131
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ottawa County was $360,131 in April 2024, up 6.9% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209.9K | $238.7K | +13.7% |
2 Bedrooms | $244.9K | $265K | +8.2% |
3 Bedrooms | $315.3K | $335.9K | +6.5% |
4 Bedrooms | $375K | $399.9K | +6.7% |
5+ Bedrooms | $499.9K | $499K | -0.2% |
Summary: Ottawa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
Muskegon County | $198K | $214.9K | +8.5% |
Kent County | $295.9K | $320.2K | +8.2% |
Ottawa County | $336.8K | $360.1K | +6.9% |
Allegan County | $283.9K | $299.9K | +5.7% |
Housing Supply in Ottawa County, MI
How many homes are available in Ottawa County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
768 | 820 | +6.8% |
Summary: The Ottawa County real estate market had 820 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 19 | +11.8% |
2 Bedrooms | 125 | 144 | +15.2% |
3 Bedrooms | 290 | 298 | +2.8% |
4 Bedrooms | 252 | 267 | +6.0% |
5+ Bedrooms | 84 | 92 | +9.5% |
Summary: The Ottawa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
239 | 257 | +7.5% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
106 Homes Were Sold
Over Asking
Summary: A total of 257 homes were sold or pending in Ottawa County in April 2024, up by 7.5% month-over-month. Of the 257 sold homes, 32% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for Ottawa County, MI
How long does it take to sell a home in Ottawa County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 37 Days | -5.3% |
Summary: Homes in Ottawa County had an average of 37 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During April 2024, 257 homes were sold in Ottawa County; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.