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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bronson Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Bronson Township, MI

How much do homes in Bronson Township, MI cost?

Median Sold Price

$182,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,000(-3.7%)

Key Takeaway

Homes in Bronson Township have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Bronson Township was $182,000 in November 2024, down 3.7% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126K$81K
-35.7%
2 $143.5K$164.9K
+14.9%
3 $190K$162K
-14.7%
4 $234.9K$201.7K
-14.1%
5+ -$432.8K
N/A

Summary: Bronson Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 14.9%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bronson
-2.9%
Bronson Township
-3.7%
Matteson Township
-38.4%

Housing Supply in Bronson Township, MI

How many homes are available in Bronson Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3230-6.3%

Summary: The Bronson Township real estate market had 30 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 47
+75.0%
3 1513
-13.3%
4 129
-25.0%
5+ 10
-100.0%

Summary: The Bronson Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bronson Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Bronson Township in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Bronson Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days47 Days+3.2%

Summary: Homes in Bronson Township had an average of 47 days on market in Nov 2024, up by 3.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bronson Township has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Bronson Township; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 Bronson Township, MI

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What housing markets are near Bronson Township, MI?