Allegan County, Michigan Real Estate Market Update: June 2025 vs. June 2024

It’s that time of year again—when we step back and take the pulse of the Allegan County real estate market. If you’re curious about how things are shaping up compared to last year, you’re in the right place! Let’s dive into the numbers, trends, and what they mean for buyers and sellers alike.

Market Snapshot: June 2025 vs. June 2024

• Median Sale Price: Home prices in Allegan County have seen a modest uptick this year. The median sale price is currently hovering around $295,000, up from $282,000 in June 2024. This 4.6% increase signals steady demand and a healthy appreciation for homeowners.
• Inventory Levels: Inventory remains tight, with about 320 active listings on the market—just a slight increase from 310 last year. While new listings are trickling in, the market is still competitive, keeping upward pressure on prices.
• Days on Market: Homes are moving a bit faster this year, averaging 29 days on the market compared to 34 days in June 2024. This shorter window suggests buyers are eager and acting quickly when the right home appears.
• Number of Sales: The pace of sales has held steady, with 210 homes sold in June 2025 versus 205 this time last year. It’s a subtle increase, but it shows that demand remains robust.
• Buyer Demand: Open houses continue to draw crowds, and multiple-offer situations are still common—especially for move-in-ready homes in desirable neighborhoods.
• Mortgage Rates: Interest rates have inched up slightly, averaging 6.2% for a 30-year fixed mortgage (versus 5.9% last year). While this has nudged some buyers to the sidelines, many are still motivated by the limited supply and the desire to lock in a rate before any further increases.

What Does This Mean for You?

If you’re thinking of selling, it’s still a great time to list—especially if your home is well-maintained and priced right. Buyers, on the other hand, should be prepared for competition and act quickly when a property catches their eye. Working with a knowledgeable agent can make all the difference in navigating this active market.

Looking Ahead

As we move into the summer months, expect the market to remain lively, with gradual price growth and steady demand. Keep an eye on mortgage rates—they’ll continue to shape buyer activity and affordability in the coming months.

Whether you’re buying, selling, or just watching the market, staying informed is your best advantage. If you have questions about your specific situation or want a personalized analysis, don’t hesitate to reach out!