$1,176 Closing Credit*
$99,000
925 SqFt
2 Beds
•1 Full Bath, 1 Partial
Kathryn M Young, Listing Office: RE/MAX Platinum
Is Brighton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$429,408
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,408(+1.0%)
Key Takeaway
Homes in Brighton Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Brighton Township was $429,408 in October 2024, up 1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $152.2K | +13.6% |
| 2 Bedrooms | $320.3K | $300K | -6.4% |
| 3 Bedrooms | $381.3K | $385.9K | +1.2% |
| 4 Bedrooms | $520K | $558K | +7.3% |
| 5+ Bedrooms | $650K | $787.5K | +21.2% |
Summary: Brighton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $446K | $490K | +9.9% |
| Green Oak Township | $407.5K | $439.5K | +7.9% |
| Brighton Township | $425K | $429.4K | +1.0% |
| Hartland Township | $425K | $429K | +0.9% |
| Brighton | $422.3K | $425K | +0.6% |
Housing Supply in Brighton Township, MI
How many homes are available in Brighton Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 212 | 244 | +15.1% |
Summary: The Brighton Township real estate market had 244 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 42 | 62 | +47.6% |
| 3 Bedrooms | 93 | 101 | +8.6% |
| 4 Bedrooms | 62 | 69 | +11.3% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Brighton Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 47.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton Township, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Brighton Township in October 2024, up by 5.5% month-over-month. Of the 57 sold homes, 42% were sold under asking, 19% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 29 Days | +20.8% |
Summary: Homes in Brighton Township had an average of 29 days on market in Oct 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brighton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 58 homes were sold in Brighton Township; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.