$2,493 Closing Credit*
$209,900
1,496 SqFt
3 Beds
•2 Full Baths
Anthony Lambers, Listing Office: HomeRealty, LLC
Is Muskegon County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Muskegon County has remained a Seller's Market.
Key Takeaway
Muskegon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskegon County, MI
How much do homes in Muskegon County, MI cost?
Median Sold Price
$220,708
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,632(+8.1%)
Key Takeaway
Homes in Muskegon County have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Muskegon County was $220,708 in October 2024, up 8.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $111.7K | -2.9% |
| 2 Bedrooms | $145K | $161.7K | +11.5% |
| 3 Bedrooms | $210K | $225.3K | +7.3% |
| 4 Bedrooms | $269.4K | $289.9K | +7.6% |
| 5+ Bedrooms | $343K | $379.9K | +10.8% |
Summary: Muskegon County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Counties
| Oceana County | $220K | $266.2K | +21.0% |
| Muskegon County | $204K | $220.7K | +8.1% |
| Kent County | $309.8K | $329.4K | +6.3% |
| Ottawa County | $352.7K | $371.3K | +5.3% |
| Newaygo County | $219K | $224.9K | +2.7% |
Housing Supply in Muskegon County, MI
How many homes are available in Muskegon County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 735 | 785 | +6.8% |
Summary: The Muskegon County real estate market had 785 homes for sale in October 2024, a 6.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 177 | 183 | +3.4% |
| 3 Bedrooms | 378 | 407 | +7.7% |
| 4 Bedrooms | 124 | 135 | +8.9% |
| 5+ Bedrooms | 48 | 52 | +8.3% |
Summary: The Muskegon County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 173 | 196 | +13.3% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon County, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 196 homes were sold or pending in Muskegon County in October 2024, up by 13.3% month-over-month. Of the 196 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 29 Days | -13.3% |
Summary: Homes in Muskegon County had an average of 29 days on market in Oct 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
129 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskegon County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 196 homes were sold in Muskegon County; 66% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% 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.