$5,522 Closing Credit*
$465,000
1,870 SqFt
4 Beds
•2 Full Baths, 1 Partial
Nicholas Stegman, Brian Stegman, Listing Office: RE/MAX Lakeshore
Is South Haven, 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, South Haven was a Seller's Market.
Key Takeaway
South Haven is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Haven, MI
How much do homes in South Haven, MI cost?
Median Sold Price
$435,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+8.8%)
Key Takeaway
Homes in South Haven have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in South Haven was $435,000 in November 2024, up 8.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301.1K | $231K | -23.3% |
| 2 Bedrooms | $329.9K | $390.8K | +18.5% |
| 3 Bedrooms | $324.2K | $347K | +7.0% |
| 4 Bedrooms | $507.2K | $545K | +7.4% |
| 5+ Bedrooms | $735K | $802K | +9.1% |
Summary: South Haven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| South Haven | $400K | $435K | +8.8% |
| South Haven Charter Township | $400K | $435K | +8.8% |
| Casco Township | $473.8K | $390.8K | -17.5% |
Housing Supply in South Haven, MI
How many homes are available in South Haven, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 105 | -1.9% |
Summary: The South Haven real estate market had 105 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 32 | 27 | -15.6% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The South Haven housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 9 | -57.1% |
Asking Price vs. Sold Price
7 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 South Haven, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in South Haven in November 2024, down by 57.1% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for South Haven, MI
How long does it take to sell a home in South Haven, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 49 Days | +33.9% |
Summary: Homes in South Haven had an average of 49 days on market in Nov 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Haven are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in South Haven; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.