Is Muskegon Heights, 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 Heights has remained a Seller's Market.
Key Takeaway
Muskegon Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskegon Heights, MI
How much do homes in Muskegon Heights, MI cost?
Median Sold Price
$76,450
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Muskegon Heights have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in Muskegon Heights was $76,450 in March 2024, up 27.4% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | - | N/A |
| 2 Bedrooms | $47K | $67.5K | +43.6% |
| 3 Bedrooms | $73K | $80K | +9.6% |
| 4 Bedrooms | $95.5K | $120K | +25.7% |
| 5+ Bedrooms | $145K | $138K | -4.8% |
Summary: Muskegon Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Muskegon Heights | $60K | $76.4K | +27.4% |
| Muskegon | $155K | $180K | +16.1% |
| Norton Shores | $239.2K | $256.8K | +7.3% |
| Muskegon Charter Township | $169.4K | $180K | +6.2% |
Housing Supply in Muskegon Heights, MI
How many homes are available in Muskegon Heights, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 46 | -2.1% |
Summary: The Muskegon Heights real estate market had 46 homes for sale in March 2024, a 2.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Muskegon Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon Heights, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Muskegon Heights in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Muskegon Heights, MI
How long does it take to sell a home in Muskegon Heights, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 108 Days | 42 Days | -60.9% |
Summary: Homes in Muskegon Heights had an average of 42 days on market in Mar 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Muskegon Heights has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Muskegon Heights; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% 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. Copyright MiRealSource.