$1,603 Closing Credit*
$135,000
1,144 SqFt
3 Beds
•2 Full Baths
Shari K DeCou, Listing Office: City2Shore Real Estate Inc.
Is Muskegon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Muskegon has remained a Seller's Market.
Key Takeaway
Muskegon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskegon, MI
How much do homes in Muskegon, MI cost?
Median Sold Price
$189,844
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,195(+6.3%)
Key Takeaway
Homes in Muskegon have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Muskegon was $189,844 in December 2024, up 6.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $88.2K | 0.3% |
| 2 Bedrooms | $132.5K | $149.9K | +13.1% |
| 3 Bedrooms | $191.3K | $205.5K | +7.5% |
| 4 Bedrooms | $247.5K | $230K | -7.1% |
| 5+ Bedrooms | $305K | $299.9K | -1.7% |
Summary: Muskegon housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Muskegon Heights | $70K | $89K | +27.1% |
| Muskegon | $178.6K | $189.8K | +6.3% |
| Norton Shores | $252K | $268K | +6.3% |
| Muskegon Charter Township | $179.6K | $189.8K | +5.7% |
Housing Supply in Muskegon, MI
How many homes are available in Muskegon, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 409 | 386 | -5.6% |
Summary: The Muskegon real estate market had 386 homes for sale in December 2024, a 5.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 126 | 112 | -11.1% |
| 3 Bedrooms | 194 | 188 | -3.1% |
| 4 Bedrooms | 59 | 62 | +5.1% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Muskegon housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 80 | 95 | +18.8% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Muskegon in December 2024, up by 18.8% month-over-month. Of the 95 sold homes, 52% were sold under asking, 25% were sold at asking, and 23% were sold over asking.
Days on Market for Muskegon, MI
How long does it take to sell a home in Muskegon, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +34.7% |
Summary: Homes in Muskegon had an average of 36 days on market in Dec 2024, up by 34.7% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskegon are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 95 homes were sold in Muskegon; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.