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 April 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
$180,436
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Muskegon Charter Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Muskegon Charter Township was $180,436 in April 2024, up 7.5% 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 | $115K | $79.9K | -30.5% |
| 2 Bedrooms | $125K | $138.2K | +10.6% |
| 3 Bedrooms | $177.4K | $199.9K | +12.7% |
| 4 Bedrooms | $227K | $250K | +10.1% |
| 5+ Bedrooms | $244.9K | $305K | +24.5% |
Summary: Muskegon Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.5%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
| Laketon Township | $240K | $300K | +25.0% |
| Muskegon | $155.8K | $180.1K | +15.6% |
| North Muskegon | $247K | $275K | +11.3% |
| Muskegon Charter Township | $167.8K | $180.4K | +7.5% |
| Egelston Township | $193.5K | $198K | +2.3% |
Housing Supply in Muskegon Charter Township, MI
How many homes are available in Muskegon Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 377 | 376 | -0.3% |
Summary: The Muskegon Charter Township real estate market had 376 homes for sale in April 2024, a 0.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 99 | 100 | +1.0% |
| 3 Bedrooms | 188 | 184 | -2.1% |
| 4 Bedrooms | 68 | 69 | +1.5% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Muskegon Charter Township 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 1.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 127 | 109 | -14.2% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
42 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. 41.3% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Muskegon Charter Township in April 2024, down by 14.2% month-over-month. Of the 109 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 37 Days | -35.0% |
Summary: Homes in Muskegon Charter Township had an average of 37 days on market in Apr 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
14 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 April 2024, 109 homes were sold in Muskegon Charter Township; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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.