Is Branch County, 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, Branch County has remained a Seller's Market.
Key Takeaway
Branch County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Branch County, MI
How much do homes in Branch County, MI cost?
Median Sold Price
$193,428
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Branch County have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Branch County was $193,428 in May 2024, up 10.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $115K | -16.4% |
| 2 Bedrooms | $142K | $150K | +5.6% |
| 3 Bedrooms | $175K | $200K | +14.3% |
| 4 Bedrooms | $204K | $234.4K | +14.9% |
| 5+ Bedrooms | $410.5K | $232K | -43.5% |
Summary: Branch County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 43.5%.
Median Sold Price Compared To Nearby Counties
| Branch County | $175K | $193.4K | +10.5% |
| Hillsdale County | $175K | $189.9K | +8.5% |
| Calhoun County | $164.3K | $177.2K | +7.8% |
| Saint Joseph County | $184.9K | $190K | +2.7% |
Housing Supply in Branch County, MI
How many homes are available in Branch County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 176 | 186 | +5.7% |
Summary: The Branch County real estate market had 186 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 38 | 35 | -7.9% |
| 3 Bedrooms | 78 | 84 | +7.7% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The Branch County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branch County, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Branch County in May 2024, down by 5.1% month-over-month. Of the 37 sold homes, 54% were sold under asking, 30% were sold at asking, and 16% were sold over asking.
Days on Market for Branch County, MI
How long does it take to sell a home in Branch County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 53 Days | -24.0% |
Summary: Homes in Branch County had an average of 53 days on market in May 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Branch County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Branch County; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.