Muskegon, MI Home Values & Market Trends
Real estate market trends reflect that there have been 2,052 transactions over the past year in Muskegon. The median value for residential home transactions that occurred over the previous year is $188,596.23. The number of current listings in Muskegon is 247, and the percentage of properties for sale in the city is 247.00%. Muskegon, MI currently has 57 properties in foreclosure, 13 bank owned properties, 44 properties headed for auction, and 247 properties for sale.
Muskegon, MI Real Estate Market Overview
Housing Market Summary for Muskegon, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $120K | $171K | 42.52% |
| Median Sold Price | $143.6K | $171K | 19.05% |
| Homes For Sale | 131 | 188 | 43.51% |
| Homes Sold | 1,652 | 945 | -42.80% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Muskegon, MI
Browse Homes in Muskegon, MI
Muskegon home values range from $20,154 to $10,282,793. The median estimated value of a home in Muskegon is $188,596.23. The median list price of a home is 169,900, and the total count of properties in the city is 36,512.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Muskegon, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Muskegon, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Muskegon, MI ranges from the highest value of $408,236 in 49445 to the lowest value of $46,382 in 49444. Bank owned homes and properties account for 0.04% of properties in Muskegon, MI. There are 5 zips within Muskegon, MI; 49444 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49442 has 28 auction properties, the highest number of properties going to auction in a single zip in the state of Muskegon, MI. Auction homes and other auction properties account for 0.12% of all properties in Muskegon, MI. There are 5 zips within Muskegon, MI; of those zips, the median estimated home value for homes going to auction ranges from $257,252 in 49441 to the lowest value of $34,320 in 49441.
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Guide for Muskegon, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
When house prices increase near good school, what options do home buyer have?
