$4,453 Closing Credit*
$375,000
1,171 SqFt
4 Beds
•2 Full Baths
Brian David Klingel, Listing Office: Coldwell Banker Woodland Schmidt Grand Haven
Is Norton Shores, 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, Norton Shores has remained a Seller's Market.
Key Takeaway
Norton Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norton Shores, MI
How much do homes in Norton Shores, MI cost?
Median Sold Price
$265,733
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,232(+8.7%)
Key Takeaway
Homes in Norton Shores have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Norton Shores was $265,733 in October 2024, up 8.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237K | $120K | -49.4% |
| 2 Bedrooms | $175K | $187K | +6.9% |
| 3 Bedrooms | $239.9K | $256.9K | +7.1% |
| 4 Bedrooms | $289.9K | $369.4K | +27.4% |
| 5+ Bedrooms | $544.5K | $510K | -6.3% |
Summary: Norton Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.4%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Muskegon Heights | $68.7K | $83.8K | +22.0% |
| Roosevelt Park | $210K | $230K | +9.5% |
| Norton Shores | $244.5K | $265.7K | +8.7% |
| Muskegon | $174.6K | $185.5K | +6.3% |
| Fruitport Charter Township | $299.9K | $314.9K | +5.0% |
Housing Supply in Norton Shores, MI
How many homes are available in Norton Shores, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 131 | +28.4% |
Summary: The Norton Shores real estate market had 131 homes for sale in October 2024, a 28.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 54 | 70 | +29.6% |
| 4 Bedrooms | 22 | 26 | +18.2% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Norton Shores 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 21.1%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norton Shores, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in Norton Shores in October 2024, up by 42.9% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% were sold over asking.
Days on Market for Norton Shores, MI
How long does it take to sell a home in Norton Shores, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 14 Days | -9.7% |
Summary: Homes in Norton Shores had an average of 14 days on market in Oct 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norton Shores are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Norton Shores; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
