Is Holland, 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, Holland has remained a Seller's Market.
Housing Prices in Holland, MI
How much do homes in Holland, MI cost?
Median Sold Price
$338,195
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Holland was $338,195 in April 2024, up 10.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $233.7K | +26.4% |
2 Bedrooms | $238K | $260K | +9.2% |
3 Bedrooms | $302K | $320.5K | +6.1% |
4 Bedrooms | $345.5K | $394.9K | +14.3% |
5+ Bedrooms | $564.2K | $555K | -1.6% |
Summary: Holland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Holland | $295.1K | $337.1K | +14.2% |
Holland | $305.8K | $338.1K | +10.6% |
Holland Charter Township | $315K | $337.2K | +7.1% |
Park Township | $401.2K | $424.9K | +5.9% |
Housing Supply in Holland, MI
How many homes are available in Holland, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
239 | 245 | +2.5% |
Summary: The Holland real estate market had 245 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 46 | 52 | +13.0% |
3 Bedrooms | 91 | 85 | -6.6% |
4 Bedrooms | 78 | 74 | -5.1% |
5+ Bedrooms | 17 | 25 | +47.1% |
Summary: The Holland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 47.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 80 | +9.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Holland in April 2024, up by 9.6% month-over-month. Of the 80 sold homes, 29% were sold under asking, 33% were sold at asking, and 39% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 27 Days | -40.8% |
Summary: Homes in Holland had an average of 27 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 80 homes were sold in Holland; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.