Is Muskegon Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Muskegon Charter Township has remained a Seller's Market.
Key Takeaway
Muskegon Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskegon Charter Township, MI
How much do homes in Muskegon Charter Township, MI cost?
Median Sold Price
$180,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Muskegon Charter Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Muskegon Charter Township was $180,000 in March 2024, up 6.2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $77.4K | -32.7% |
| 2 Bedrooms | $125K | $137.6K | +10.1% |
| 3 Bedrooms | $180K | $199.9K | +11.1% |
| 4 Bedrooms | $220K | $250K | +13.6% |
| 5+ Bedrooms | $263.4K | $300K | +13.9% |
Summary: Muskegon Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Laketon Township | $245K | $290K | +18.4% |
| Muskegon | $155K | $180K | +16.1% |
| North Muskegon | $249K | $277.4K | +11.4% |
| Muskegon Charter Township | $169.4K | $180K | +6.2% |
| Egelston Township | $193K | $199K | +3.1% |
Housing Supply in Muskegon Charter Township, MI
How many homes are available in Muskegon Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 392 | 367 | -6.4% |
Summary: The Muskegon Charter Township real estate market had 367 homes for sale in March 2024, a 6.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 103 | 92 | -10.7% |
| 3 Bedrooms | 195 | 182 | -6.7% |
| 4 Bedrooms | 74 | 70 | -5.4% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Muskegon Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 111 | -2.6% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon Charter Township, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 111 homes were sold or pending in Muskegon Charter Township in March 2024, down by 2.6% month-over-month. Of the 111 sold homes, 41% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for Muskegon Charter Township, MI
How long does it take to sell a home in Muskegon Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 50 Days | +37.7% |
Summary: Homes in Muskegon Charter Township had an average of 50 days on market in Mar 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskegon Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 111 homes were sold in Muskegon Charter Township; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.