$3,859 Closing Credit*
$325,000
1,552 SqFt
4 Beds
•3 Full Baths
Jane M McGregor, Listing Office: Five Star Real Estate
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 November 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
$187,551
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,730(+6.1%)
Key Takeaway
Homes in Muskegon Charter Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Muskegon Charter Township was $187,551 in November 2024, up 6.1% 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 | $190.7K | $205.8K | +7.9% |
| 4 Bedrooms | $231.2K | $234.4K | +1.4% |
| 5+ Bedrooms | $300K | $342.4K | +14.1% |
Summary: Muskegon Charter Township 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 7.9%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Egelston Township | $198.5K | $220K | +10.8% |
| Laketon Township | $275K | $296.9K | +8.0% |
| Muskegon | $175.9K | $186.9K | +6.2% |
| Muskegon Charter Township | $176.8K | $187.5K | +6.1% |
Housing Supply in Muskegon Charter Township, MI
How many homes are available in Muskegon Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 486 | 426 | -12.3% |
Summary: The Muskegon Charter Township real estate market had 426 homes for sale in November 2024, a 12.3% 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 | 236 | 206 | -12.7% |
| 4 Bedrooms | 75 | 58 | -22.7% |
| 5+ Bedrooms | 27 | 21 | -22.2% |
Summary: The Muskegon Charter Township 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 12.7%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 133 | 75 | -43.6% |
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 Charter Township, 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 Charter Township in November 2024, down by 43.6% 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 Charter Township, MI
How long does it take to sell a home in Muskegon Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 33 Days | +26.9% |
Summary: Homes in Muskegon Charter Township 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 Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 75 homes were sold in Muskegon Charter Township; 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.