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 May 2023
Since last year, Muskegon Charter Township has remained a Seller's Market.
Housing Prices in Muskegon Charter Township, MI
How much do homes in Muskegon Charter Township, MI cost?
Median Sold Price
$184,980
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Muskegon Charter Township was $184,980 in May 2024, up 8.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $95.9K | -16.6% |
2 Bedrooms | $125K | $140K | +12.0% |
3 Bedrooms | $184.4K | $200.1K | +8.6% |
4 Bedrooms | $220K | $249.9K | +13.6% |
5+ Bedrooms | $254.9K | $318K | +24.7% |
Summary: Muskegon Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 24.7%.
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% |
Egelston Township | $193.5K | $207K | +7.0% |
Housing Supply in Muskegon Charter Township, MI
How many homes are available in Muskegon Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
399 | 398 | -0.3% |
Summary: The Muskegon Charter Township real estate market had 398 homes for sale in May 2024, a 0.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 8 | -20.0% |
2 Bedrooms | 103 | 116 | +12.6% |
3 Bedrooms | 196 | 183 | -6.6% |
4 Bedrooms | 73 | 77 | +5.5% |
5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The Muskegon Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 12.6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 111 | -7.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in Muskegon Charter Township in May 2024, down by 7.5% month-over-month. Of the 111 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 24 Days | -19.2% |
Summary: Homes in Muskegon Charter Township had an average of 24 days on market in May 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 111 homes were sold in Muskegon Charter Township; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.