$9,203 Closing Credit*
$775,000
3,771 SqFt
5 Beds
•4 Full Baths
Felicia Kelley, Listing Office: EXP Realty LLC
Is Brooks Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Brooks Township was a Seller's Market.
Key Takeaway
Brooks Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brooks Township, MI
How much do homes in Brooks Township, MI cost?
Median Sold Price
$310,000
$231/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Brooks Township has remained the same since last year.
Summary: The median home sold price in Brooks Township was $310,000 in October 2024, the same as last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $282.4K | +41.3% |
| 2 Bedrooms | $328.2K | $309K | -5.9% |
| 3 Bedrooms | $267K | $285.5K | +6.9% |
| 4 Bedrooms | $485K | $366K | -24.5% |
| 5+ Bedrooms | $503K | $518.7K | +3.1% |
Summary: Brooks Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Garfield Township | $236K | $330K | +39.8% |
| Newaygo | $241.9K | $284.5K | +17.6% |
| Croton Township | $280K | $317.4K | +13.4% |
| Brooks Township | $310K | $310K | 0.0% |
| Everett Township | $241.9K | $218K | -9.9% |
Housing Supply in Brooks Township, MI
How many homes are available in Brooks Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Summary: The Brooks Township real estate market had 20 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brooks Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooks Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Brooks Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Brooks Township, MI
How long does it take to sell a home in Brooks Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 19 Days | -63.5% |
Summary: Homes in Brooks Township had an average of 19 days on market in Oct 2024, down by 63.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brooks Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Brooks Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
