$3,266 Closing Credit*
$275,000
3,172 SqFt
3 Beds
•2 Full Baths
Jessica Mann, Terry Puffer, Listing Office: Five Star Real Estate (Main), Five Star Real Estate-W Norton
Is Newaygo County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Newaygo County was a Seller's Market.
Key Takeaway
Newaygo County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Newaygo County, MI
How much do homes in Newaygo County, MI cost?
Median Sold Price
$236,833
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,833(+9.6%)
Key Takeaway
Homes in Newaygo County have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Newaygo County was $236,833 in November 2024, up 9.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $144K | +15.2% |
| 2 Bedrooms | $167.9K | $190.9K | +13.7% |
| 3 Bedrooms | $215K | $237K | +10.2% |
| 4 Bedrooms | $279.9K | $301K | +7.5% |
| 5+ Bedrooms | $325K | $354.4K | +9.1% |
Summary: Newaygo County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Counties
| Mecosta County | $214K | $239.7K | +12.0% |
| Newaygo County | $216K | $236.8K | +9.6% |
| Lake County | $145K | $155K | +6.9% |
| Muskegon County | $209.7K | $221K | +5.4% |
| Montcalm County | $225K | $229.9K | +2.2% |
Housing Supply in Newaygo County, MI
How many homes are available in Newaygo County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 226 | 195 | -13.7% |
Summary: The Newaygo County real estate market had 195 homes for sale in November 2024, a 13.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 6 | -53.8% |
| 2 Bedrooms | 63 | 55 | -12.7% |
| 3 Bedrooms | 90 | 85 | -5.6% |
| 4 Bedrooms | 41 | 30 | -26.8% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Newaygo County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 53.8%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 32 | -36.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 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. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Newaygo County in November 2024, down by 36.0% month-over-month. Of the 32 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 43 Days | -4.1% |
Summary: Homes in Newaygo County had an average of 43 days on market in Nov 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Newaygo County has remained consistent over time.
Summary: During November 2024, 32 homes were sold in Newaygo County; 38% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
