$594 Closing Credit*
$50,000
850 SqFt
2 Beds
•1 Full Bath
Priscilla Cazier, Listing Office: Keller Williams GR North
Is Muskegon Heights, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Muskegon Heights was a Seller's Market.
Key Takeaway
Muskegon Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Muskegon Heights, MI
How much do homes in Muskegon Heights, MI cost?
Median Sold Price
$85,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+30.8%)
Key Takeaway
Homes in Muskegon Heights have sold for 30.8% more than they did a year ago.
Summary: The median home sold price in Muskegon Heights was $85,000 in November 2024, up 30.8% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $26K | $45K | +73.1% |
| 2 Bedrooms | $64K | $70K | +9.4% |
| 3 Bedrooms | $65.5K | $99.4K | +51.8% |
| 4 Bedrooms | $110K | $130K | +18.2% |
| 5+ Bedrooms | $138K | $161K | +16.7% |
Summary: Muskegon Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 51.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 16.7%.
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 Heights, MI
How many homes are available in Muskegon Heights, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 55 | -9.8% |
Summary: The Muskegon Heights real estate market had 55 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 24 | -14.3% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Muskegon Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Muskegon Heights, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Muskegon Heights in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 33 Days | +84.3% |
Summary: Homes in Muskegon Heights had an average of 33 days on market in Nov 2024, up by 84.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskegon Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Muskegon Heights; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.