Is North Muskegon, 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, North Muskegon has remained a Seller's Market.
Key Takeaway
North Muskegon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Muskegon, MI
How much do homes in North Muskegon, MI cost?
Median Sold Price
$277,450
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Muskegon have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in North Muskegon was $277,450 in March 2024, up 11.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | $171.2K | $259.9K | +51.8% |
| 3 Bedrooms | $255.9K | $254K | -0.8% |
| 4 Bedrooms | $320K | $392K | +22.5% |
| 5+ Bedrooms | $800K | $1.0M | +25.0% |
Summary: North Muskegon 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 51.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 25%.
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% |
Housing Supply in North Muskegon, MI
How many homes are available in North Muskegon, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The North Muskegon real estate market had 14 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The North Muskegon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Muskegon, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in North Muskegon in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for North Muskegon, MI
How long does it take to sell a home in North Muskegon, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 8 Days | -84.1% |
Summary: Homes in North Muskegon had an average of 8 days on market in Mar 2024, down by 84.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Muskegon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in North Muskegon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
