Is Muskegon County, 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 County has remained a Seller's Market.
Key Takeaway
Muskegon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskegon County, MI
How much do homes in Muskegon County, MI cost?
Median Sold Price
$212,927
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Muskegon County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Muskegon County was $212,927 in March 2024, up 6.5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $79.9K | -31.1% |
| 2 Bedrooms | $143.2K | $154K | +7.5% |
| 3 Bedrooms | $200K | $218.9K | +9.4% |
| 4 Bedrooms | $260K | $280.2K | +7.8% |
| 5+ Bedrooms | $345K | $340K | -1.4% |
Summary: Muskegon County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Counties
| Oceana County | $214.3K | $237K | +10.6% |
| Kent County | $296.3K | $319.8K | +7.9% |
| Ottawa County | $335.7K | $358.5K | +6.8% |
| Muskegon County | $199.8K | $212.9K | +6.5% |
| Newaygo County | $207.7K | $220.2K | +6.0% |
Housing Supply in Muskegon County, MI
How many homes are available in Muskegon County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 607 | 576 | -5.1% |
Summary: The Muskegon County real estate market had 576 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 146 | 126 | -13.7% |
| 3 Bedrooms | 295 | 285 | -3.4% |
| 4 Bedrooms | 127 | 123 | -3.1% |
| 5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Muskegon County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 172 | 173 | +0.6% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon County, you may be able to get a good deal. 41% of homes here sold below asking price last month.
Summary: A total of 173 homes were sold or pending in Muskegon County in March 2024, up by 0.6% month-over-month. Of the 173 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% were sold over asking.
Days on Market for Muskegon County, MI
How long does it take to sell a home in Muskegon County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 45 Days | +16.3% |
Summary: Homes in Muskegon County had an average of 45 days on market in Mar 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskegon County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 173 homes were sold in Muskegon County; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.