Housing Market & Real Estate Update: Muskegon, MI
Muskegon, MI – February 27, 2026 – Home prices stayed firm, listings remain active, and rents ticked up slightly as buyers stay rate-sensitive.
In Muskegon, MI, recent market data continues to suggest steady pricing, but a slower pace of closed sales compared with last year. Buyers still appear rate-sensitive, and sellers are watching how quickly serious demand shows up once a home is listed.
Top takeaways
- Median sale price (Redfin): about $158K in January 2026 (+5% year over year).
- Time to sell: homes averaged about 39 days on market.
- Closed sales: 22 homes closed in January (down from 39 a year earlier).
- Typical home value (Zillow HVI): about $178K (+2.3% year over year), with about 186 homes in for-sale inventory.
- Rents (Zillow rent index): average asking rent about $1.2K.
Market snapshot
Redfin continues to describe Muskegon as a competitive market. Sale-to-list pricing is near 99%, and a meaningful share of homes are still selling above list—a sign that well-positioned listings can attract strong offers even as overall activity cools. Zillow’s data also points to a fairly normal contract pace, with a median days-to-pending of about 35 days.
What’s for sale
On the supply side, Muskegon buyers have a range of active options. Zillow’s search results show roughly 260+ active listings spanning price points and property types. The current mix includes entry-level single-family homes under $100K, along with move-in-ready 3–4 bedroom homes that commonly land in the mid-$100Ks to low-$200Ks. Beyond that, higher-priced choices include lakefront properties and newer builds for shoppers aiming for specific amenities or locations.
On-the-ground check: Are you noticing more price cuts, fewer showings, or buyers returning as rates move?