Is Zeeland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Zeeland has remained a Seller's Market.
Key Takeaway
Zeeland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zeeland, MI
How much do homes in Zeeland, MI cost?
Median Sold Price
$339,450
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Zeeland have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Zeeland was $339,450 in May 2024, up 0.8% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $200K | -2.0% |
| 2 Bedrooms | $245K | $263K | +7.3% |
| 3 Bedrooms | $319K | $311.5K | -2.4% |
| 4 Bedrooms | $365K | $387.4K | +6.2% |
| 5+ Bedrooms | $430K | $499.9K | +16.3% |
Summary: Zeeland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Holland Charter Township | $310.5K | $336.2K | +8.3% |
| Zeeland | $336.7K | $339.4K | +0.8% |
| Zeeland Charter Township | $338.5K | $339.6K | 0.3% |
Housing Supply in Zeeland, MI
How many homes are available in Zeeland, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 64 | +16.4% |
Summary: The Zeeland real estate market had 64 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Zeeland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 83.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zeeland, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Zeeland in May 2024, up by 43.8% month-over-month. Of the 23 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Zeeland, MI
How long does it take to sell a home in Zeeland, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -55.7% |
Summary: Homes in Zeeland had an average of 8 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zeeland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Zeeland; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
