$593 Closing Credit*
$49,900
717 SqFt
2 Beds
•1 Full Bath
Darrin Miller, Terry Puffer, Listing Office: Five Star Real Estate-W Norton
Is Muskegon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Muskegon has remained a Seller's Market.
Key Takeaway
Muskegon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskegon, MI
How much do homes in Muskegon, MI cost?
Median Sold Price
$186,908
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,978(+6.2%)
Key Takeaway
Homes in Muskegon have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Muskegon was $186,908 in November 2024, up 6.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $88.2K | 0.3% |
| 2 Bedrooms | $125K | $149.9K | +19.9% |
| 3 Bedrooms | $190K | $205.4K | +8.1% |
| 4 Bedrooms | $230K | $230.8K | 0.4% |
| 5+ Bedrooms | $300K | $335K | +11.7% |
Summary: Muskegon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Muskegon Heights | $65K | $85K | +30.8% |
| Muskegon | $175.9K | $186.9K | +6.2% |
| Muskegon Charter Township | $176.8K | $187.5K | +6.1% |
| Norton Shores | $252K | $263K | +4.4% |
Housing Supply in Muskegon, MI
How many homes are available in Muskegon, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 484 | 425 | -12.2% |
Summary: The Muskegon real estate market had 425 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 142 | 133 | -6.3% |
| 3 Bedrooms | 235 | 205 | -12.8% |
| 4 Bedrooms | 75 | 58 | -22.7% |
| 5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The Muskegon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 19.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 75 | -43.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Muskegon in November 2024, down by 43.2% month-over-month. Of the 75 sold homes, 43% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Muskegon, MI
How long does it take to sell a home in Muskegon, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 33 Days | +26.9% |
Summary: Homes in Muskegon had an average of 33 days on market in Nov 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskegon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 75 homes were sold in Muskegon; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.