Northwest Michigan Housing Report August 2025
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NW 6-County Combined Summary
Waterfront, Non-Waterfront, Condo
496
July New Listings
-6% from last month
223
New Pendings
-33% from last month
326
Closed Sales
-3% from last month
$352
Price Per Sq. Ft.
+6% from last month
$533K
Avg. Sale Price
+4% from last month
| Property Type | May ’25 | Jun ’25 | Jul ’25 | YTD ’25 vs. ’23 | YTD ’25 vs. ’24 | |
| All Combined | Sales | 298 | 337 | 326 | 7% | 4% |
| Avg Price | $495,962 | $511,987 | $532,973 | 11% | 2% | |
| Waterfront | Sales | 30 | 39 | 46 | -2% | 5% |
| Avg Price | $1,194,687 | $1,035,850 | $1,138,601 | 15% | -5% | |
| Non-Waterfront | Sales | 233 | 236 | 241 | 11% | 7% |
| Avg Price | $421,836 | $450,748 | $438,271 | 13% | 4% | |
| Condo | Sales | 35 | 61 | 39 | 4% | -6% |
| Avg Price | $390,528 | $414,654 | $403,853 | 7% | 1% |
| Price Range | May ’25 | Jun ’25 | Jul ’25 | YTD ’25 vs. ’23 | YTD ’25 vs. ’24 | |
| All Combined | Sales | 298 | 337 | 326 | 7% | 4% |
| $/SF | $323 | $333 | $352 | 12% | 2% | |
| Avg Price | $495,962 | $511,987 | $532,973 | 11% | 2% | |
| <$350k | Sales | 131 | 130 | 148 | -1% | 3% |
| $/SF | $191 | $174 | $193 | 8% | 1% | |
| $350k-$700k | Sales | 124 | 137 | 111 | 12% | 7% |
| $/SF | $300 | $323 | $323 | 3% | 2% | |
| >$700k | Sales | 43 | 70 | 67 | 23% | 3% |
| $/SF | $584 | $515 | $568 | 16% | 5% |
