$3,918 Closing Credit*
$329,900
1,404 SqFt
4 Beds
•3 Full Baths
Kyle Westrate, Listing Office: Place Real Estate
Is Allegan County, 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 County has remained a Seller's Market.
Key Takeaway
Allegan County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegan County, MI
How much do homes in Allegan County, MI cost?
Median Sold Price
$306,014
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,978(+4.1%)
Key Takeaway
Homes in Allegan County have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Allegan County was $306,014 in October 2024, up 4.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212.5K | $250K | +17.6% |
| 2 Bedrooms | $250K | $270K | +8.0% |
| 3 Bedrooms | $272.9K | $280.2K | +2.7% |
| 4 Bedrooms | $338.4K | $366.9K | +8.4% |
| 5+ Bedrooms | $437K | $434.5K | -0.6% |
Summary: Allegan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
| Barry County | $265K | $288.8K | +9.0% |
| Kalamazoo County | $245.1K | $262.4K | +7.1% |
| Van Buren County | $279.4K | $294.4K | +5.3% |
| Ottawa County | $352.7K | $371.3K | +5.3% |
| Allegan County | $294K | $306K | +4.1% |
Housing Supply in Allegan County, MI
How many homes are available in Allegan County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 377 | 356 | -5.6% |
Summary: The Allegan County real estate market had 356 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 75 | 64 | -14.7% |
| 3 Bedrooms | 154 | 150 | -2.6% |
| 4 Bedrooms | 89 | 86 | -3.4% |
| 5+ Bedrooms | 53 | 51 | -3.8% |
Summary: The Allegan County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 125 | 72 | -42.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegan County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Allegan County in October 2024, down by 42.4% month-over-month. Of the 72 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Allegan County, MI
How long does it take to sell a home in Allegan County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +8.2% |
Summary: Homes in Allegan County had an average of 30 days on market in Oct 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allegan County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 72 homes were sold in Allegan County; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.