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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Brighton Township, MI

How much do homes in Brighton Township, MI cost?

Median Sold Price

$429,990

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,821(+1.9%)

Key Takeaway

Homes in Brighton Township have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Brighton Township was $429,990 in November 2024, up 1.9% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $134K$159.5K
+19.0%
2 $320.3K$299.2K
-6.6%
3 $380K$397.1K
+4.5%
4 $517K$560.6K
+8.4%
5+ $640K$780.2K
+21.9%

Summary: Brighton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 21.9%.

Median Sold Price Compared To Nearby Cities

Green Oak Township
+13.9%
Milford Charter Township
+4.0%
Hartland Township
+3.1%
Brighton
+2.2%
Brighton Township
+1.9%

Housing Supply in Brighton Township, MI

How many homes are available in Brighton Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
237221-6.8%

Summary: The Brighton Township real estate market had 221 homes for sale in November 2024, a 6.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 6267
+8.1%
3 9879
-19.4%
4 6459
-7.8%
5+ 1115
+36.4%

Summary: The Brighton Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6252-16.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brighton Township, you could pay more than the asking price. 36.5% of homes here sold above asking price last month.

Summary: A total of 52 homes were sold or pending in Brighton Township in November 2024, down by 16.1% month-over-month. Of the 52 sold homes, 35% were sold under asking, 29% were sold at asking, and 37% were sold over asking.

Days on Market for Brighton Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days41 Days+32.0%

Summary: Homes in Brighton Township had an average of 41 days on market in Nov 2024, up by 32% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 52 homes were sold in Brighton Township; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% 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 17 Days Ago

Newest Listings in Brighton Township, MI

Nearby Markets to Brighton Township, MI

What housing markets are near Brighton Township, MI?