$594 Closing Credit*
$50,000
736 SqFt
2 Beds
•1 Full Bath
Hawraa Al Aridhi, Listing Office: Downtown Realty
Is Brightmoor, 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, Brightmoor was a Seller's Market.
Key Takeaway
Brightmoor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brightmoor, MI
How much do homes in Brightmoor, MI cost?
Median Sold Price
$55,000
$54/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-12.0%)
Key Takeaway
Homes in Brightmoor have sold for 12% less than they did a year ago.
Summary: The median home sold price in Brightmoor was $55,000 in November 2024, down 12% from last year, and the median price per square foot was $54.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $39.9K | $43.9K | +9.9% |
| 3 Bedrooms | $72.5K | $55K | -24.1% |
| 4 Bedrooms | $72.5K | $52K | -28.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Brightmoor 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 9.9%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Weatherby | $50K | $61.5K | +23.0% |
| Minock Park | $92.5K | $104.5K | +13.0% |
| Rosedale | $162K | $173K | +6.8% |
| Brightmoor | $62.5K | $55K | -12.0% |
Housing Supply in Brightmoor, MI
How many homes are available in Brightmoor, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Brightmoor real estate market had 48 homes for sale in November 2024, a 9.1% 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 | 14 | 13 | -7.1% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brightmoor 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 7.1%, 3 bedroom homes increased by 25.9%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
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 Brightmoor, 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 Brightmoor in November 2024, down by 25.0% 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 Brightmoor, MI
How long does it take to sell a home in Brightmoor, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 68 Days | +166.0% |
Summary: Homes in Brightmoor had an average of 68 days on market in Nov 2024, up by 166% 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 Brightmoor are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Brightmoor; 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.