Is North Muskegon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Muskegon has remained a Seller's Market.
Housing Prices in North Muskegon, MI
How much do homes in North Muskegon, MI cost?
Median Sold Price
$286,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Muskegon was $286,000 in May 2024, up 15.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $261.9K | N/A |
2 Bedrooms | $164.9K | $259.9K | +57.6% |
3 Bedrooms | $250.4K | $269.9K | +7.8% |
4 Bedrooms | $320K | $392K | +22.5% |
5+ Bedrooms | $800K | $1.0M | +25.0% |
Summary: North Muskegon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Laketon Township | $250.5K | $300K | +19.8% |
North Muskegon | $247K | $286K | +15.8% |
Muskegon Charter Township | $169.9K | $184.9K | +8.8% |
Muskegon | $169.3K | $183.6K | +8.4% |
Housing Supply in North Muskegon, MI
How many homes are available in North Muskegon, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Summary: The North Muskegon real estate market had 23 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Muskegon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in North Muskegon in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for North Muskegon, MI
How long does it take to sell a home in North Muskegon, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 15 Days | +6.2% |
Summary: Homes in North Muskegon had an average of 15 days on market in May 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in North Muskegon; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.