OTTAWA COUNTY – The average home in Ottawa County was on the market for $516,000 in May, up 8.1% from the previous month’s $477,450, an analysis of Realtor.com data shows.
Compared to May 2023, the average list price of a home increased 8.6% from $474,950.
The statistics in this article refer only to homes for sale in Ottawa County, not homes that have been sold. Information about your local housing market, along with other useful community data, is available at data.hollandsentinel.com.
The average Ottawa County home was 2,225 square feet, listed at $230 per square foot. The price per square meter of houses for sale has increased by 5.8% compared to May 2023.
Listings in Ottawa County developed quickly, with an average listing of 30 days, compared to May’s national average of 44 days on the market. In the previous month, homes spent an average of 37 days on the market. In May, approximately 350 new homes came onto the market, an increase of 18.2% compared to the 296 new homes in May 2023.
Realtor.com’s average home prices may exclude many or even most of the homes on the market. Price and volume represent single-family homes, condominiums, or townhomes only. They include existing homes but exclude most new-build homes and pending and conditional sales.
Across the Dutch metro area, average home prices fell to $470,863, slightly lower than a month earlier. The average home measured 2,091 square feet, at a list price of $227 per square foot.
In Michigan, median home prices were $299,900, up slightly from April. The average Michigan home for sale was 1,621 square feet, priced at $181 per square foot.
In the United States, the average home price was $442,450, up slightly from the previous month. The average American home for sale was 1,859 square feet, priced at $233 per square foot.
The average list price for homes used in this report represents the midpoint of all homes or units listed during the given period. Experts say the median provides a more accurate picture of what’s happening in a market than the average list price, which would mean taking the sum of all list prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on The Holland Sentinel: Ottawa County home sellers asked for more in May
