Ottawa County, Michigan, Experiences Slight Increase in December Home Prices
The median home price in Ottawa County, Michigan, saw a slight uptick in December, according to recent data. The median listing price for a home in the area reached $456,950, representing a 0.4% increase compared to the previous month’s price of $454,975. Furthermore, in comparison to December 2022, the median home list price showed a significant growth of 7.5%.
Moreover, the average size of a median home in Ottawa County was 2,080 square feet, with a price per square foot of $217. In December, the price per square foot witnessed a substantial rise of 7.9% compared to the same period in the previous year. This surge in price per square foot indicates a continued demand for homes in the region.
The median listing period for homes in Ottawa County was 59 days, slightly shorter than the national average of 61 days. This suggests a relatively active housing market in the county. Additionally, 144 newly listed homes became available in December, signifying a notable increase of 24.1% compared to December 2022.
It is important to note that the provided data from Realtor.com only includes single-family homes, condominiums, and townhomes in Ottawa County, excluding new construction, pending sales, and contingent sales.
In comparison to the Holland metro area, the median home prices in Ottawa County were slightly higher, with properties averaging at $407,450. The median home size in the Holland metro area was 2,112 square feet, listed at $207 per square foot.
In Michigan overall, the median home prices were slightly lower at $259,900, showing a minor decline compared to November. The typical Michigan home listed for sale had an average area of 1,547 square feet, with a price of $167 per square foot.
Nationally, the United States had a median home price of $410,000, with an average area of 1,838 square feet and a price of $220 per square foot.
While average list prices can be skewed by extremes, the median price provides a more accurate representation of the market. By focusing on the median price, experts can gain a better understanding of overall market trends.
To access more information on the local housing market and other community data, visit data.hollandsentinel.com.
The source of the article is from the blog elektrischnederland.nl