Southwest Michigan’s housing market sales in June slipped from the gain in May but were 5 percent higher than a year ago. Homebuyers found selling prices to be significantly higher than in June 2024.
The number of houses sold in June increased 5 percent to 252 from 239 in June 2024. Year-to-date, the number of houses sold increased 4 percent (1,267 vs. 1,217).
The inventory of houses for sale fell 8 percent from June 2024 (817 vs. 889). At the end of June, there was a 4.9-months supply of houses. This level dropped from the 5.7-months supply available in May. This inventory level is what is available for homebuyers searching listings for sale across Allegan, Berrien, Cass, and the western two-thirds of Van Buren counties. For comparison, in June 2010, during the Great Recession, there were 3679 houses for sale.
In June 2025, the average selling price skyrocketed 23 percent to $430,096 from $348,530 in June 2024 and greatly surpassed the average selling price of $385,028 in May. Year-to-date, the average selling price increased 7 percent ($382,018 vs. $357,757).
The median selling price in June 2025 grew 18 percent to $324,471 from $275,000 in June 2024. Year-to-date, the median selling price rose 15 percent to $304,925 from $265,000 in June 2024.
The median price is the price at which 50% of the homes sold were above that price and 50% were below.
The increase in selling prices in June elevated the total sales dollar volume 38 percent compared to the same period last year ($115,273,609 vs. $83,298,761). The year-to-date total dollar volume leaped 22 percent ($532,382,589 vs. $435,431,022).
The number of bank-owned or foreclosed homes as a percentage of all transactions increased to 3 percent (8 houses) from 2 percent (6 houses) in May. The previous low percentage was 1 percent (2 houses) in June 2024, and the highest percentage was 36 percent in June 2009.
The Freddie Mac mortgage rate in June was 5.89, down from 6.89 in May, for a 30-year conventional mortgage. A year ago, the rate was 6.86.
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®.
