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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briley Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Briley Township was a Neutral Market.

Key Takeaway

Briley Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Briley Township, MI

How much do homes in Briley Township, MI cost?

Median Sold Price

$155,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,000(+22.0%)

Key Takeaway

Homes in Briley Township have sold for 22% more than they did a year ago.

Summary: The median home sold price in Briley Township was $155,000 in November 2024, up 22% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $66K$82K
+24.2%
2 $110K$155K
+40.9%
3 $128.5K$184.5K
+43.6%
4 $365K$197.5K
-45.9%
5+ $204K-
N/A

Summary: Briley Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 43.6%, 4 bedroom homes decreased by 45.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Briley Township
+22.0%
Atlanta
+10.7%
Avery Township
-23.8%

Housing Supply in Briley Township, MI

How many homes are available in Briley Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1413-7.1%

Summary: The Briley Township real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1010
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Briley 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briley Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Briley Township in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Briley Township, MI

We’re sorry, we don't have information for this market at the moment

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 Briley Township, MI

Nearby Markets to Briley Township, MI

What housing markets are near Briley Township, MI?