Southwest Michigan’s housing market sales in April 2025 slipped from the robust results in March. Sales and the average selling price declined. Only the median selling price increased above that in March.
The number of houses sold in April fell 20 percent to 196 from 245 in April 2024. Year-to-date, the number of houses sold was down 1 percent (744 vs. 752).
The numbers were revealed in our exclusive MoodyOnTheMarket.com monthly ‘first look’ at the region’s residential real estate market, courtesy of the Southwestern Michigan Association of Realtors.
The good news for buyers was that the inventory of houses for sale increased 23 percent over what was available a year ago. At the end of April, there was a 5.1 months supply of houses. This level still needs to be higher for buyers searching for listings for sale across Allegan, Berrien, Cass, and the westerly two-thirds of Van Buren counties. For comparison, in April 2010, there were 3452 houses for sale.
In April 2025, the average selling price rose $2,186 to $383,861 from $381,675 in April 2024. Year-to-date, the average selling price increased 8 percent ($372,068 vs. $343,654).
The median selling price in April 2025 grew 17 percent to $314,400 from $268,500 in April 2024. Year-to-date, the median selling price rose 18 percent to $298,800 from $253,750 in April 2024.
The median price is the price at which 50% of the homes sold were above that price and 50% were below.
The total dollar volume dropped 11 percent in April 2025 due to reduced sales ($83,893,695 vs. $93,742,180). The year-to-date total dollar volume rose 20 percent ($310,310,811 vs. $258,713,322).
The number of bank-owned or foreclosed homes as a percentage of all transactions was 1 percent (2 houses). The previous low percentage was also 1 percent with one house in April 2024, and the highest percentage in April was 54 percent in 2009, during the Great Recession.
The Freddie Mac mortgage rate in April was 6.81, up from 6.65 in March for a 30-year conventional mortgage. A year ago, the rate was 7.17.
This data reflects home sales across Allegan, Berrien, Cass, and the westerly two-thirds of Van Buren counties and should not be used to determine the market value of any individual property. If you want to know the market value of your property, please contact your local REALTOR®.
