Is Holland, 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, Holland has remained a Seller's Market.
Key Takeaway
Holland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Holland, MI
How much do homes in Holland, MI cost?
Median Sold Price
$336,229
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Holland have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Holland was $336,229 in May 2024, up 9.1% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $237.5K | +25.3% |
| 2 Bedrooms | $236K | $263K | +11.4% |
| 3 Bedrooms | $303.9K | $320.5K | +5.5% |
| 4 Bedrooms | $349.7K | $394.9K | +12.9% |
| 5+ Bedrooms | $491.7K | $566K | +15.1% |
Summary: Holland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Holland | $306.7K | $336.2K | +9.6% |
| Holland | $308.1K | $336.2K | +9.1% |
| Park Township | $389.4K | $425K | +9.1% |
| Holland Charter Township | $310.5K | $336.2K | +8.3% |
Housing Supply in Holland, MI
How many homes are available in Holland, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 254 | 297 | +16.9% |
Summary: The Holland real estate market had 297 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 51 | 55 | +7.8% |
| 3 Bedrooms | 89 | 114 | +28.1% |
| 4 Bedrooms | 77 | 91 | +18.2% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The Holland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 73 | -15.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holland, you could pay more than the asking price. 49.3% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Holland in May 2024, down by 15.1% month-over-month. Of the 73 sold homes, 27% were sold under asking, 23% were sold at asking, and 49% were sold over asking.
Days on Market for Holland, MI
How long does it take to sell a home in Holland, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 18 Days | -29.5% |
Summary: Homes in Holland had an average of 18 days on market in May 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 73 homes were sold in Holland; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.