$2,672 Closing Credit*
$225,000
1,855 SqFt
6 Beds
•1 Full Bath, 1 Partial
Michael Hummel, Listing Office: Greenridge Realty Inc
Is Newaygo 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, Newaygo County has remained a Seller's Market.
Key Takeaway
Newaygo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newaygo County, MI
How much do homes in Newaygo County, MI cost?
Median Sold Price
$224,908
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,908(+2.7%)
Key Takeaway
Homes in Newaygo County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Newaygo County was $224,908 in October 2024, up 2.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $138.5K | +10.8% |
| 2 Bedrooms | $170K | $180K | +5.9% |
| 3 Bedrooms | $215K | $229.5K | +6.7% |
| 4 Bedrooms | $277.4K | $300.5K | +8.3% |
| 5+ Bedrooms | $320K | $359K | +12.2% |
Summary: Newaygo County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Counties
| Lake County | $138K | $160K | +15.9% |
| Mecosta County | $210.2K | $231.2K | +10.0% |
| Muskegon County | $204K | $220.7K | +8.1% |
| Montcalm County | $220.5K | $229.3K | +4.0% |
| Newaygo County | $219K | $224.9K | +2.7% |
Housing Supply in Newaygo County, MI
How many homes are available in Newaygo County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 228 | 223 | -2.2% |
Summary: The Newaygo County real estate market had 223 homes for sale in October 2024, a 2.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 14 | -12.5% |
| 2 Bedrooms | 65 | 59 | -9.2% |
| 3 Bedrooms | 90 | 89 | -1.1% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Newaygo County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newaygo County, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Newaygo County in October 2024, down by 8.7% month-over-month. Of the 42 sold homes, 60% were sold under asking, 19% were sold at asking, and 21% were sold over asking.
Days on Market for Newaygo County, MI
How long does it take to sell a home in Newaygo County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 31 Days | +22.8% |
Summary: Homes in Newaygo County had an average of 31 days on market in Oct 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newaygo County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in Newaygo County; 62% of homes were sold within 30 days, 31% 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.