Market Intelligence Report — MI-740

Muskegon-Norton Shores, MI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MI-08
As of the latest 2026 data
Stabilizing

Median Listing

$315K
+8.6% YoY

Pending Ratio

0.57
-12.9% YoY

Active Inventory

478
+10.4% YoY

Median DOM

41 Days
+7.9% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's stabilizing Muskegon-Norton Shores market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Muskegon-Norton Shores, MI.

Free ReportNo Sign-up~60 Seconds

The Muskegon-Norton Shores housing market is currently categorizing as Stabilizing. With a pending ratio of 0.57, demand absorption is exhibiting a balanced relationship with available inventory, despite a year-over-year decline in this metric. Active listings have expanded by 10.4% over the past year, contributing to this stabilization.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.2%-1.1 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

177,901+0.4% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Muskegon-Norton Shores market right now.

Inventory growth is observed, with active listings increasing by 10.4% year-over-year, while new listings saw a modest 4.5% year-over-year contraction. Median listing prices have continued to appreciate, rising 8.6% year-over-year, despite a recent month-over-month decline of 2.9%. The pending ratio has decreased by 12.9% year-over-year, indicating a slower pace of demand absorption relative to the prior year. Median days on market have extended by 7.9% over the past year, and the share of price-reduced listings has risen by 2.8% year-over-year.

Historical Analysis

Market Trends

Median Price

$315K-2.9% MoM

Active Inventory

478+10.4% YoY

Days on Market

41+7.9% YoY

Sold Score™

65-12.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

65
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The balanced pending ratio suggests a more measured pace of transactions, reducing intense competition. Increasing active listings indicate less inventory pressure, allowing for greater consideration and potentially more negotiation on pricing. While pricing continues to show annual appreciation, the rising share of price reductions and extended days on market point to a market where price discipline is becoming increasingly important for sellers.

Luxury Segment

The average listing price has increased by 14.1% year-over-year, significantly outpacing the 8.6% year-over-year growth in the median listing price. This disparity suggests a relative strengthening at the higher price tiers, preventing a distinct signal of luxury-segment softness in this dataset despite the average price growth exceeding median price growth.

Supply Dynamics

478 active listings represent the current floor, with new supply arriving at roughly 252 per month.

Pricing Pressure
23.5%

of active listings carry a price reduction, +2.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +7.0% year-over-year.

Absorption
0.57

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Muskegon-Norton Shores, MI? Inventory is up 10% from last year.

Muskegon-Norton Shores, MI is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
57%
Median Days on Market
41 days
Inventory YoY
+10%

Muskegon-Norton Shores, MI is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Prefer the data first? Get the monthly Muskegon-Norton Shores, MI briefing and watch the market before you list.

How the Sold Score works →

Agents: no featured expert covers Muskegon-Norton Shores, MI yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Muskegon-Norton Shores market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

Metro Demographics

Metro Area
Muskegon-Norton Shores, MI
CBSA Code
34740
State
MI