Is Muskegon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Muskegon has remained a Seller's Market.
Housing Prices in Muskegon, MI
How much do homes in Muskegon, MI cost?
Median Sold Price
$180,122
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Muskegon was $180,122 in April 2024, up 15.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $79.9K | -31.1% |
2 Bedrooms | $121.1K | $137.9K | +13.8% |
3 Bedrooms | $172.5K | $199.9K | +15.9% |
4 Bedrooms | $197.9K | $249.9K | +26.3% |
5+ Bedrooms | $212K | $305K | +43.9% |
Summary: Muskegon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 43.9%.
Median Sold Price Compared To Nearby Cities
Muskegon Heights | $60K | $77.3K | +29.0% |
Muskegon | $155.8K | $180.1K | +15.6% |
North Muskegon | $247K | $275K | +11.3% |
Norton Shores | $234.9K | $255.7K | +8.9% |
Muskegon Charter Township | $167.8K | $180.4K | +7.5% |
Housing Supply in Muskegon, MI
How many homes are available in Muskegon, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
377 | 377 | 0.0% |
Summary: The Muskegon real estate market had 377 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 100 | 101 | +1.0% |
3 Bedrooms | 188 | 184 | -2.1% |
4 Bedrooms | 67 | 69 | +3.0% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Muskegon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
126 | 110 | -12.7% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Muskegon in April 2024, down by 12.7% month-over-month. Of the 110 sold homes, 42% were sold under asking, 20% were sold at asking, and 38% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 38 Days | -33.0% |
Summary: Homes in Muskegon had an average of 38 days on market in Apr 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 110 homes were sold in Muskegon; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.