Is Muskegon Heights, 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 Heights has remained a Seller's Market.
Housing Prices in Muskegon Heights, MI
How much do homes in Muskegon Heights, MI cost?
Median Sold Price
$77,375
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Muskegon Heights was $77,375 in April 2024, up 29% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $26K | $87.9K | +238.1% |
2 Bedrooms | $53K | $65.3K | +23.4% |
3 Bedrooms | $71.9K | $83K | +15.4% |
4 Bedrooms | $95.5K | $120.5K | +26.2% |
5+ Bedrooms | $145K | $138K | -4.8% |
Summary: Muskegon Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 238.1%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Muskegon Heights | $60K | $77.3K | +29.0% |
Muskegon | $155.8K | $180.1K | +15.6% |
Norton Shores | $234.9K | $255.7K | +8.9% |
Muskegon Charter Township | $167.8K | $180.4K | +7.5% |
Housing Supply in Muskegon Heights, MI
How many homes are available in Muskegon Heights, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 45 | -2.2% |
Summary: The Muskegon Heights real estate market had 45 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 6 | 2 | -66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Muskegon Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Muskegon Heights in April 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 28 Days | -23.6% |
Summary: Homes in Muskegon Heights had an average of 28 days on market in Apr 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Muskegon Heights; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.