Is Muskegon County, 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 County has remained a Seller's Market.
Housing Prices in Muskegon County, MI
How much do homes in Muskegon County, MI cost?
Median Sold Price
$214,941
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Muskegon County was $214,941 in April 2024, up 8.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $80K | -31.0% |
2 Bedrooms | $142K | $155.2K | +9.4% |
3 Bedrooms | $200K | $220K | +10.0% |
4 Bedrooms | $260K | $281.1K | +8.1% |
5+ Bedrooms | $333K | $343K | +3.0% |
Summary: Muskegon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Counties
Oceana County | $210K | $243.3K | +15.9% |
Muskegon County | $198K | $214.9K | +8.5% |
Kent County | $295.9K | $320.2K | +8.2% |
Newaygo County | $206K | $220.7K | +7.1% |
Ottawa County | $336.8K | $360.1K | +6.9% |
Housing Supply in Muskegon County, MI
How many homes are available in Muskegon County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
597 | 591 | -1.0% |
Summary: The Muskegon County real estate market had 591 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 137 | 134 | -2.2% |
3 Bedrooms | 298 | 295 | -1.0% |
4 Bedrooms | 119 | 114 | -4.2% |
5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Muskegon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
197 | 172 | -12.7% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 172 homes were sold or pending in Muskegon County in April 2024, down by 12.7% month-over-month. Of the 172 sold homes, 44% were sold under asking, 20% were sold at asking, and 37% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 39 Days | -24.5% |
Summary: Homes in Muskegon County had an average of 39 days on market in Apr 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 172 homes were sold in Muskegon County; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.