West Michigan Housing Market Shines in 2024: Sales and Prices Surge Across Allegan, Ottawa, and Muskegon Counties
Home sales surged in Allegan, Ottawa and Muskegon counties in 2024, with transactions increasing 6.4% from 2023 levels to 5,915 homes sold, according to data compiled by the West Michigan Lakeshore Association of REALTORS.
At the same time, the housing market saw gains in median prices throughout the association’s three-county area, including an 8.2% median price gain for homes in Ottawa County.
Year-Over-Year Sales Performance
- Ottawa County: Home sales rose by 6.9% in 2024, reaching 2,516, compared to 2,354 in 2023.
- Muskegon County: Sales increased by 3.3%, with 2,150 homes sold in 2024 versus 2,081 in 2023.
- Allegan County: The most significant gain was seen in Allegan County, where sales surged 11.1% to 1,249 in 2024, up from 1,124 in 2023.
Year-Over-Year Price Performance
Median home prices continued their upward trajectory, reflecting robust consumer demand:
- Ottawa County: Median prices climbed 8.2% to $395,000 in 2024, up from $365,000 in 2023.
- Muskegon County: Prices increased by 4.7%, reaching $219,900 compared to $209,950 in 2023.
- Allegan County: The median price grew 2.6%, hitting $318,500 in 2024, up from $310,000 in 2023.
Other indicators of the market’s strength include:
- In 2024, the median number of days a home was on the market in Allegan, Ottawa, and Muskegon counties continues to be well under a month. The median time to sell a home in December was 10 days in Allegan County, 8 days in Ottawa County and 11 days in Muskegon County.
- The combined dollar volume of residential sales across Allegan, Ottawa, and Muskegon counties grew significantly in 2024. Together, the three counties achieved an impressive aggregate sales volume of $2.18 billion in 2024, up from $1.93 billion in the previous year.
