In Ottawa County, the real estate landscape in October presented some interesting insights. The median home price showed a downward trend, with a 1.5% decrease from the previous month's $467,000 to $459,950. This also marked a 0.6% drop compared to October 2023 when it was $462,475. It's important to note that these statistics only pertain to listed houses and not those that have been sold.

Key Features of Ottawa County Homes

The median Ottawa County home was 2,100 square feet and listed at $218 per square foot. Interestingly, the price per square foot saw a 0.6% increase from October 2023. Listings in the county moved relatively briskly, with a median of 44 days on the market compared to the national October median of 58 days. In the previous month, homes had a median of 38 days. Moreover, there was an 11.2% increase in new listings in October, with around 278 homes newly listed compared to 250 in October 2023.

Details of Ottawa County Home Market

The median home prices issued by Realtor.com have their limitations. They may exclude many or even most of the market's homes. The data only includes single-family homes, condominiums, or townhomes. Existing homes are included, but most new construction, as well as pending and contingent sales, are excluded. This provides a specific view but may not represent the entire housing market.

Comparison with Other Areas

Across the Holland metro area, median home prices fell to $422,625, slightly lower than a month earlier. The median home here had 1,960 square feet and was listed at $217 per square foot. In Michigan as a whole, median home prices were $289,950, a slight decrease from September. The median Michigan home listed for sale had 1,603 square feet and a price of $178 per square foot. Nationally, the median home price was $424,950, a slight decrease from the previous month. The median American home for sale was listed at 1,835 square feet and had a price of $226 per square foot.The median home list price used in this report represents the midway point of all the houses or units listed over a given period. Experts emphasize that the median offers a more accurate view of the market compared to the average list price. The average can be skewed by one particularly low or high price.This story was written by Ozge Terzioglu, and the USA TODAY Network is publishing localized versions on its news sites across the country using data from Realtor.com. Any feedback or corrections for this story can be left here.