$2,791 Closing Credit*
$235,000
992 SqFt
2 Beds
•1 Full Bath
Katie Bronson, Listing Office: Howard Hanna Real Estate Services-Adrian
Is Brooklyn, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Brooklyn has remained a Seller's Market.
Key Takeaway
Brooklyn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn, MI
How much do homes in Brooklyn, MI cost?
Median Sold Price
$285,125
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,650(+2.4%)
Key Takeaway
Homes in Brooklyn have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Brooklyn was $285,125 in November 2024, up 2.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137K | $133K | -2.9% |
| 2 Bedrooms | $195K | $220K | +12.8% |
| 3 Bedrooms | $270.4K | $275K | +1.7% |
| 4 Bedrooms | $364.5K | $335.5K | -8.0% |
| 5+ Bedrooms | $535K | $450K | -15.9% |
Summary: Brooklyn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Brooklyn | $278.4K | $285.1K | +2.4% |
| Columbia Township | $304.5K | $289.9K | -4.8% |
Housing Supply in Brooklyn, MI
How many homes are available in Brooklyn, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 77 | +5.5% |
Summary: The Brooklyn real estate market had 77 homes for sale in November 2024, a 5.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Brooklyn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Brooklyn in November 2024, up by 53.8% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Brooklyn, MI
How long does it take to sell a home in Brooklyn, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 54 Days | +94.8% |
Summary: Homes in Brooklyn had an average of 54 days on market in Nov 2024, up by 94.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brooklyn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Brooklyn; 45% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
