$1,888 Closing Credit*
$159,000
1,296 SqFt
3 Beds
•2 Full Baths
Karen Antal, Listing Office: RE/MAX New Image
Is Birch Run, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Birch Run has remained a Seller's Market.
Key Takeaway
Birch Run is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Birch Run, MI
How much do homes in Birch Run, MI cost?
Median Sold Price
$240,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+12.1%)
Key Takeaway
Homes in Birch Run have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Birch Run was $240,000 in November 2024, up 12.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102.7K | $160.5K | +56.2% |
| 3 Bedrooms | $215K | $240K | +11.6% |
| 4 Bedrooms | $217K | $280K | +29.0% |
| 5+ Bedrooms | - | $327.5K | N/A |
Summary: Birch Run housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.2%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 29%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Birch Run | $214K | $240K | +12.1% |
| Birch Run Township | $214K | $240K | +12.1% |
Housing Supply in Birch Run, MI
How many homes are available in Birch Run, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Summary: The Birch Run real estate market had 28 homes for sale in November 2024, a 24.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Birch Run housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Birch Run, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Birch Run in November 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Birch Run, MI
How long does it take to sell a home in Birch Run, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 41 Days | +106.8% |
Summary: Homes in Birch Run had an average of 41 days on market in Nov 2024, up by 106.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Birch Run are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Birch Run; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.