$2,552 Closing Credit*
$214,900
1,276 SqFt
3 Beds
•2 Full Baths
Nathan Sheldon, Listing Office: LIGHTHOUSE REALTY-Ludington
Is Branch, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Branch was a Neutral Market.
Key Takeaway
Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Branch, MI
How much do homes in Branch, MI cost?
Median Sold Price
$230,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+21.1%)
Key Takeaway
Homes in Branch have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Branch was $230,000 in November 2024, up 21.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $158K | +58.0% |
| 2 Bedrooms | $210K | $259.9K | +23.8% |
| 3 Bedrooms | $150.4K | $210K | +39.6% |
| 4 Bedrooms | - | $405K | N/A |
| 5+ Bedrooms | $190K | - | N/A |
Summary: Branch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 39.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Branch Township | $183.5K | $230K | +25.3% |
| Branch | $190K | $230K | +21.1% |
| Lake Township | $150K | $150.5K | 0.3% |
Housing Supply in Branch, MI
How many homes are available in Branch, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Branch real estate market had 13 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Branch 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branch, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Branch in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Branch, MI
How long does it take to sell a home in Branch, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 63 Days | +40.0% |
Summary: Homes in Branch had an average of 63 days on market in Nov 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Branch are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Branch; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
