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Featured local agent — Muskegon, MI
Sarah Mitchell
Compass Real Estate · Muskegon, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Muskegon, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$198,500median sale price
How is the Muskegon, MI housing market right now?
The median home sale price in Muskegon, MI is $198,500, up 20.3% year-over-year. Homes sell in an average of 21 days with 110 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Muskegon a buyer's or seller's market?
Muskegon, MI is currently a seller's market, based on 2.6 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
43
Last 12 weeks
Days on market
21
Average pace
Active listings
110
2.6 months supply
Sale-to-list
99.6%
Below asking
What does the Muskegon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $198,500 |
| Median list price | $177,450 |
| Year-over-year price change | +20.3% |
| Average days on market | 21 days |
| Active inventory | 110 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $158/sq ft |
| Homes sold (latest month) | 43 |
| New listings (latest month) | 66 |
| Listings with a price cut | 47.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Muskegon by property type?
How the Muskegon, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $197,000 | $161/sq ft | 37 | 20 days |
Source: Redfin · Updated monthly
The Muskegon housing market is currently classified as a seller's market with a median sale price of $198,500. Prices have risen 20.3% compared to last year, with homes spending an average of 21 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Muskegon
There are currently 110 homes listed for sale in Muskegon, Michigan. The median listing price is $177K.
Active listings
110
Homes on market
Median list price
$177K
Avg. days on market
21
Days until sale
New this week
66
Newly listed
Who lives in Muskegon?
Population
37,203
Median income
$46,342/yr
Median age
36 years
Owner-occupied
54.2%
College grads
15.8%
Avg commute
20.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Muskegon?
Zillow home value
$192,512
Zillow rent index
$1,207/mo
Price-to-rent ratio
13.3x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Muskegon?
Muskegon is a community of approximately 37K residents with a median age of 36 years.The median household income is $46,342, which represents a working-class community with solid middle-income opportunities. 15.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.2%, showing a blend of owner and renter-occupied properties. The average commute time is 20.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Muskegon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Muskegon?
47 schools tracked · 17,934 students
The largest public schools serving Muskegon, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mona Shores High School
Grades 9-12 · 1,232 students
ReethsPuffer High School
Grades 9-12 · 1,142 students
Muskegon High School
Grades 9-12 · 1,020 students
Mona Shores Middle School
Grades 6-8 · 937 students
Muskegon Middle School
Grades 6-8 · 691 students
Timberland Academy
Grades K-8 · 678 students
Cardinal Elementary
Grades K-9 · 644 students
Bunker Elementary
Grades PK-5 · 620 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Muskegon, MI?
Want a head-to-head view? Compare Muskegon side-by-side with any other U.S. city using our market-comparison tool.
Is Muskegon a good real estate investment market?
For investors evaluating Muskegon, the price-to-rent ratio of 13.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 20.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Muskegon's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Muskegon's median home price.
Frequently asked questions
What is the average home price in Muskegon?
The median home sale price in Muskegon is $198,500, up 20.3% from last year.
How long do homes stay on market in Muskegon?
Homes typically spend 21 days on market before going under contract.
What is the median income in Muskegon?
The median household income is $46,342 per year.
Is Muskegon a buyer's or seller's market?
With 2.6 months of supply, Muskegon is currently a seller's market.
What is the Zillow home value estimate for Muskegon?
The Zillow Home Value Index (ZHVI) for Muskegon is $192,512, representing the typical home value in the area.
How much does a single-family home cost in Muskegon?
The median single-family home price in Muskegon, MI is $197,000 (about $161 per square foot).
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