Is Brownstown Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brownstown Charter Township has remained a Seller's Market.
Housing Prices in Brownstown Charter Township, MI
How much do homes in Brownstown Charter Township, MI cost?
Median Sold Price
$303,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brownstown Charter Township was $303,000 in May 2024, up 12.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.9K | $100K | +100.2% |
2 Bedrooms | $162.5K | $205K | +26.2% |
3 Bedrooms | $262.4K | $286K | +9.0% |
4 Bedrooms | $365K | $399.9K | +9.6% |
5+ Bedrooms | $389.9K | $445K | +14.1% |
Summary: Brownstown Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100.2%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in Brownstown Charter Township, MI
How many homes are available in Brownstown Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 66 | -1.5% |
Summary: The Brownstown Charter Township real estate market had 66 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 36 | 28 | -22.2% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Brownstown Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 18 | -21.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Brownstown Charter Township in May 2024, down by 21.7% month-over-month. Of the 18 sold homes, 39% were sold under asking, 6% were sold at asking, and 56% were sold over asking.
Days on Market for Brownstown Charter Township, MI
How long does it take to sell a home in Brownstown Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 9 Days | -13.3% |
Summary: Homes in Brownstown Charter Township had an average of 9 days on market in May 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Brownstown Charter Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.