Market Intelligence Report — MI-740

Muskegon-Norton Shores, MI

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

Ref. No: 2026-MI-09
As of the latest 2026 data
Stabilizing

Median Listing

$305K
+8.9% YoY

Pending Ratio

0.53
-12.8% YoY

Active Inventory

508
+18.6% YoY

Median DOM

47 Days
+2.2% 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 stabilizing, characterized by a pending ratio of 0.53. While active listings have increased by 18.6% year-over-year, median listing prices continue to exhibit growth, up 8.9% over the past year.

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

4.6%-0.7 pp YoY

Unemployment rate · Sep 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 levels have expanded significantly, with active listings increasing by 18.6% and new listings up 18.6% year-over-year. Despite this rise in available properties, the median listing price has maintained an upward trajectory, reflecting an 8.9% increase year-over-year. The pending ratio, however, has experienced a notable decline of 12.8% year-over-year, indicating a shift in demand absorption relative to supply. Days on market have slightly lengthened, with a 2.2% year-over-year increase to 47 days.

Historical Analysis

Market Trends

Median Price

$305K-3.2% MoM

Active Inventory

508+18.6% YoY

Days on Market

47+2.2% YoY

Sold Score™

64-12.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

64
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

With a pending ratio of 0.53, demand is absorbing new supply at a measured pace. The expansion in active listings suggests that buyers may have increased options, potentially leading to more deliberate purchasing decisions. Sellers may encounter a market requiring greater price discipline, as the increased inventory could prolong marketing periods and moderate the pace of transactions.

Luxury Segment

The average listing price has risen by 16.4% year-over-year, outpacing the 8.9% increase in the median listing price. This disparity, alongside a 6.0% year-over-year increase in median $/sqft, suggests a robust performance in the higher price tiers, without indicating notable softening in the luxury segment.

Supply Dynamics

508 active listings represent the current floor, with new supply arriving at roughly 230 per month.

Pricing Pressure
24.3%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.0% year-over-year.

Absorption
0.53

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Muskegon-Norton Shores, MI? Inventory is up 19% 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
53%
Median Days on Market
47 days
Inventory YoY
+19%

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

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Metro Demographics

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