$2,138 Closing Credit*
$180,000
1,128 SqFt
2 Beds
•1 Full Bath
Rachel Asiala, Daniel Jakubowski, Listing Office: City2Shore Gateway Group of Byron Center
Is Allegan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Allegan has remained a Seller's Market.
Key Takeaway
Allegan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegan, MI
How much do homes in Allegan, MI cost?
Median Sold Price
$250,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,091(+2.9%)
Key Takeaway
Homes in Allegan have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Allegan was $250,000 in October 2024, up 2.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $266K | +82.2% |
| 2 Bedrooms | $220K | $235K | +6.8% |
| 3 Bedrooms | $240.4K | $239.4K | -0.4% |
| 4 Bedrooms | $299.9K | $317.5K | +5.9% |
| 5+ Bedrooms | $207.5K | $310K | +49.4% |
Summary: Allegan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.2%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 49.4%.
Median Sold Price Compared To Nearby Cities
| Allegan | $242.9K | $250K | +2.9% |
| Allegan Township | $242.9K | $250K | +2.9% |
Housing Supply in Allegan, MI
How many homes are available in Allegan, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The Allegan real estate market had 64 homes for sale in October 2024, a 1.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Allegan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Allegan in October 2024, down by 30.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Allegan, MI
How long does it take to sell a home in Allegan, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 29 Days | -30.2% |
Summary: Homes in Allegan had an average of 29 days on market in Oct 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Allegan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Allegan; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.