$4,155 Closing Credit*
$349,900
1,040 SqFt
4 Beds
•2 Full Baths
Mark D Gleason, Listing Office: Coldwell Banker Woodland Schmidt Grand Haven
Is Ferrysburg, 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, Ferrysburg has remained a Seller's Market.
Key Takeaway
Ferrysburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferrysburg, MI
How much do homes in Ferrysburg, MI cost?
Median Sold Price
$374,990
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,990(+7.1%)
Key Takeaway
Homes in Ferrysburg have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Ferrysburg was $374,990 in October 2024, up 7.1% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $280K | +7.7% |
| 3 Bedrooms | $349.9K | $419.9K | +20.0% |
| 4 Bedrooms | $380K | $450K | +18.4% |
| 5+ Bedrooms | $800K | $378.8K | -52.6% |
Summary: Ferrysburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 52.6%.
Median Sold Price Compared To Nearby Cities
| Ferrysburg | $350K | $374.9K | +7.1% |
| Grand Haven | $350K | $365.5K | +4.4% |
| Spring Lake | $399.9K | $400K | 0.0% |
| Spring Lake Township | $399.9K | $400K | 0.0% |
Housing Supply in Ferrysburg, MI
How many homes are available in Ferrysburg, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Ferrysburg real estate market had 25 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ferrysburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ferrysburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Ferrysburg in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Ferrysburg, MI
How long does it take to sell a home in Ferrysburg, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 64 Days | +242.9% |
Summary: Homes in Ferrysburg had an average of 64 days on market in Oct 2024, up by 242.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ferrysburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Ferrysburg; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
