$5,344 Closing Credit*
$450,000
2,128 SqFt
4 Beds
•2 Full Baths, 1 Partial
J.P. Huntington, Listing Office: Greenridge Realty
Is Ferrysburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$371,990
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,010(-2.1%)
Key Takeaway
Homes in Ferrysburg have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Ferrysburg was $371,990 in November 2024, down 2.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260.7K | $280K | +7.4% |
| 3 Bedrooms | $492.5K | $419.9K | -14.7% |
| 4 Bedrooms | $505K | $535K | +5.9% |
| 5+ Bedrooms | $662.5K | $376.9K | -43.1% |
Summary: Ferrysburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Grand Haven | $353.3K | $369.5K | +4.6% |
| Spring Lake | $400K | $401.9K | 0.5% |
| Spring Lake Township | $400K | $401.9K | 0.5% |
| Ferrysburg | $380K | $371.9K | -2.1% |
Housing Supply in Ferrysburg, MI
How many homes are available in Ferrysburg, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Ferrysburg real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ferrysburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were 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 November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 15 Days | -75.3% |
Summary: Homes in Ferrysburg had an average of 15 days on market in Nov 2024, down by 75.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ferrysburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Ferrysburg; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
