Is Brandon Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brandon Charter Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Brandon Charter Township has remained a Seller's Market.

Key Takeaway

Brandon Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brandon Charter Township, MI

How much do homes in Brandon Charter Township, MI cost?

Median Sold Price

$375,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$27,500(+7.9%)

Key Takeaway

Homes in Brandon Charter Township have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Brandon Charter Township was $375,000 in December 2024, up 7.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $118K$315.9K
+167.7%
2 $179.2K$200K
+11.6%
3 $325K$365K
+12.3%
4 $415K$430K
+3.6%
5+ $320K$419K
+30.9%

Summary: Brandon Charter Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 30.9%.

Median Sold Price Compared To Nearby Cities

Hadley Township
+11.5%
Oxford Charter Township
+9.0%
Brandon Charter Township
+7.9%
Independence Charter Township
+5.9%
Ortonville
0.0%

Housing Supply in Brandon Charter Township, MI

How many homes are available in Brandon Charter Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3830-21.1%

Summary: The Brandon Charter Township real estate market had 30 homes for sale in December 2024, a 21.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 2318
-21.7%
4 99
0.0%
5+ 21
-50.0%

Summary: The Brandon Charter Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brandon Charter Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Brandon Charter Township in December 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.

Days on Market for Brandon Charter Township, MI

How long does it take to sell a home in Brandon Charter Township, MI?

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days32 Days+48.2%

Summary: Homes in Brandon Charter Township had an average of 32 days on market in Dec 2024, up by 48.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brandon Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in Brandon Charter Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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