Nelson’s housing market has seen notable shifts over the past year in this rolling three-month view. Typical home values are up about 6 percent year over year, while the median list price is down slightly, suggesting sellers are pricing more cautiously. Compared with the broader Muskegon area, Nelson’s median sale price sits below the citywide level.
Looking at current conditions, the typical home value is about $157,000, with a median list price close to $159,000. Inventory is relatively lean at 49 active listings and about 2.9 months of supply, pointing to a seller’s market even as supply has grown sharply from a year ago.
Demand has strengthened, with homes sold up more than 60 percent and new listings up over 70 percent year over year in this three-month window. Homes are taking longer to sell at a median of 33 days on market, yet roughly 27 percent are still going under contract within two weeks, and about 14 percent of sales close above the asking price. The average sale-to-list ratio of just over 94 percent indicates buyers have a bit more room to negotiate than in some past periods. Whether you are navigating these trends as a buyer or positioning your home as a seller, Agent Pronto can connect you with a local Nelson agent who understands this market.
