Is Birch Run 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, Birch Run Township has remained a Seller's Market.
Key Takeaway
Birch Run Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Birch Run Township, MI
How much do homes in Birch Run Township, MI cost?
Median Sold Price
$211,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Birch Run Township have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Birch Run Township was $211,000 in May 2024, down 3.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $123K | $210K | +70.7% |
| 3 Bedrooms | $219.9K | $200K | -9.0% |
| 4 Bedrooms | $278.4K | $252.4K | -9.3% |
| 5+ Bedrooms | $255K | $240K | -5.9% |
Summary: Birch Run Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Tuscola Township | $202.7K | $216K | +6.5% |
| Frankenmuth Township | $289.5K | $301.5K | +4.1% |
| Birch Run Township | $218K | $211K | -3.2% |
| Birch Run | $217K | $205K | -5.5% |
Housing Supply in Birch Run Township, MI
How many homes are available in Birch Run Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Birch Run Township real estate market had 16 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Birch Run 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 decreased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Birch Run Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Birch Run Township in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Birch Run Township, MI
How long does it take to sell a home in Birch Run Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 127 Days | +270.5% |
Summary: Homes in Birch Run Township had an average of 127 days on market in May 2024, up by 270.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Birch Run Township has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Birch Run Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.