$1,899 Closing Credit*
$159,900
1,290 SqFt
3 Beds
•1 Full Bath
Greg Zoller, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate (South)
Is Muskegon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$186,908
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,978(+6.2%)
Key Takeaway
Homes in Muskegon have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Muskegon was $186,908 in November 2024, up 6.2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | $88.2K | 0.3% |
| 2 Bedrooms | $125K | $149.9K | +19.9% |
| 3 Bedrooms | $190K | $205.4K | +8.1% |
| 4 Bedrooms | $230K | $230.8K | 0.4% |
| 5+ Bedrooms | $300K | $335K | +11.7% |
Summary: Muskegon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Muskegon Heights | $65K | $85K | +30.8% |
| Muskegon | $175.9K | $186.9K | +6.2% |
| Muskegon Charter Township | $176.8K | $187.5K | +6.1% |
| Norton Shores | $252K | $263K | +4.4% |
Housing Supply in Muskegon, MI
How many homes are available in Muskegon, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 484 | 425 | -12.2% |
Summary: The Muskegon real estate market had 425 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 142 | 133 | -6.3% |
| 3 Bedrooms | 235 | 205 | -12.8% |
| 4 Bedrooms | 75 | 58 | -22.7% |
| 5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The Muskegon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 19.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 75 | -43.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Muskegon in November 2024, down by 43.2% month-over-month. Of the 75 sold homes, 43% were sold under asking, 27% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 33 Days | +26.9% |
Summary: Homes in Muskegon had an average of 33 days on market in Nov 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 75 homes were sold in Muskegon; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% 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.