Holland's real estate market is experiencing a price correction, with values down 36.9% from last year. The median home price has fallen to $205,000, a significant 36.9% decrease year-over-year. With 4 active listings, inventory is 100% higher than seasonal norms. Properties are selling within just 25 days on average, much faster than the historical norm of 93 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Holland market with the affordability index at 746.8. Based on current market indicators, home prices in Holland are projected to decrease by approximately 3.4% over the next month.