South Haven, MI Real Estate & Homes for Sale

The South Haven housing market is moderately competitive, with homes typically receiving an average of two offers and selling within about 41 days. Last month, the median sale price in South Haven rose to $550K, reflecting a significant 15.8% increase compared to the previous year. Interestingly, despite this rise in overall home prices, the median sale price per square foot dropped by 20.5% to $245, suggesting buyers may be prioritizing larger properties or that higher-priced homes with more space are driving the market trends. These dynamics indicate a market with opportunities for both buyers and sellers, depending on their goals.

The South Haven housing market is moderately competitive, with homes typically selling in about 41 days. While some properties receive multiple offers, the average home sells for approximately 4% below the list price and goes under contract within this timeframe. However, highly desirable "hot homes" tend to sell faster, going pending in around 21 days and for about 1% below the list price. These trends highlight the importance of strategic pricing and preparation, whether you're buying or selling in South Haven.

In October 2024, South Haven, MI, was considered a balanced market, meaning the supply of homes for sale closely matched the demand from buyers. This equilibrium creates a fair environment where neither buyers nor sellers have a distinct advantage. It offers buyers the opportunity to make thoughtful decisions without intense competition, while sellers can still find interested buyers at reasonable prices. If you're considering buying or selling in South Haven, now could be an ideal time to act in this stable market. Reach out to us for more details or to schedule a showing!