Is Grand Haven, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grand Haven is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Grand Haven has remained a Seller's Market.

Key Takeaway

Grand Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Grand Haven, MI

How much do homes in Grand Haven, MI cost?

Median Sold Price

$369,500

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,166(+4.6%)

Key Takeaway

Homes in Grand Haven have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Grand Haven was $369,500 in November 2024, up 4.6% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$389.8K
+85.7%
2 $278K$279.9K
+0.7%
3 $330K$323.5K
-2.0%
4 $425K$465K
+9.4%
5+ $488K$539.9K
+10.6%

Summary: Grand Haven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.7%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Grand Haven
+4.6%
Grand Haven Charter Township
+3.7%
Spring Lake
0.5%
Spring Lake Township
0.5%
Ferrysburg
-2.1%

Housing Supply in Grand Haven, MI

How many homes are available in Grand Haven, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
135104-23.0%

Summary: The Grand Haven real estate market had 104 homes for sale in November 2024, a 23.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 3030
0.0%
3 4841
-14.6%
4 4125
-39.0%
5+ 158
-46.7%

Summary: The Grand Haven housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.6%, 4 bedroom homes decreased by 39%, and 5+ bedroom homes decreased by 46.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4133-19.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grand Haven, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Grand Haven in November 2024, down by 19.5% month-over-month. Of the 33 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Grand Haven, MI

How long does it take to sell a home in Grand Haven, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days39 Days+14.7%

Summary: Homes in Grand Haven had an average of 39 days on market in Nov 2024, up by 14.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Grand Haven are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 33 homes were sold in Grand Haven; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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