$2,552 Closing Credit*
$214,900
1,276 SqFt
3 Beds
•2 Full Baths
Nathan Sheldon, Listing Office: LIGHTHOUSE REALTY-Ludington
Is Branch Township, 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 Township was a Neutral Market.
Key Takeaway
Branch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Branch Township, MI
How much do homes in Branch Township, MI cost?
Median Sold Price
$230,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,500(+25.3%)
Key Takeaway
Homes in Branch Township have sold for 25.3% more than they did a year ago.
Summary: The median home sold price in Branch Township was $230,000 in November 2024, up 25.3% 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 | $159K | $219.9K | +38.3% |
| 3 Bedrooms | $201.1K | $222.5K | +10.6% |
| 4 Bedrooms | $365K | $405K | +11.0% |
| 5+ Bedrooms | $271K | - | N/A |
Summary: Branch Township 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 38.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 11%, 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% |
| Sheridan Township | $213.7K | $210K | -1.8% |
Housing Supply in Branch Township, MI
How many homes are available in Branch Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Branch Township real estate market had 15 homes for sale in November 2024, a 7.1% increase 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 | 1 | -66.7% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Branch Township 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 66.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 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 Branch Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Branch Township in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Branch Township, MI
How long does it take to sell a home in Branch Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 65 Days | +45.6% |
Summary: Homes in Branch Township had an average of 65 days on market in Nov 2024, up by 45.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Branch Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Branch Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
