ALLEGAN COUNTY — An analysis of data from Realtor.com shows the average home in Allegan County was listed for sale in August for $425,000, down 2% from $475,238 the previous month.
Compared to August 2023, the average asking price for a home fell 1.7% to $432,450.
The statistics in this article only pertain to homes for sale in Allegan County, not homes that have sold. Information about your local housing market, along with other useful community data, is available at data.hollandsentinel.com.
The average home in Allegan County was 2,044 square feet, and listed for sale for $218 per square foot. The price per square foot of homes for sale has increased by 5% since August 2023.
Listings in Allegan County moved quickly, with a median of 37 days listed compared to the national August median of 53 days on the market. In the previous month, homes had a median of 38 days on the market. About 188 homes were newly listed in August, a 49.2% increase from 126 new listings in August 2023.
The median home prices that Realtor.com publishes may exclude many or even most homes in a market. The price and volume represent only single-family homes, condos, or townhomes. They include existing homes but exclude most new construction, as well as pending and contingent sales.
In the Holland metropolitan area, median home prices fell to $429,000, down slightly from a month earlier. The median home was 1,981 square feet, with an asking price of $223 per square foot.
In Michigan, the median home price was $299,900, down slightly from July. The median home for sale in Michigan was 1,632 square feet, priced at $181 per square foot.
In the United States, the median price of a home was $429,990, down slightly from the previous month. The median U.S. home for sale was 1,853 square feet, with a price of $228 per square foot.
The median list price used in this report represents the midpoint of all homes or units listed for sale during the given time period. Experts say the median provides a more accurate picture of what is happening in a market than the average list price, which would be the sum of all list prices and then divide it by the number of homes sold. The average can be skewed by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated using data from Realtor.com. Leave feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on The Holland Sentinel: Allegan County Home Sellers Asked for Less Money in August
