$4,513 Closing Credit*
$380,000
1,914 SqFt
3 Beds
•2 Full Baths
#50161129, AL KELLER, Listing Office: Keller & Associates Real Estate , LLC
Is Bruce 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, Bruce Township has remained a Seller's Market.
Key Takeaway
Bruce Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bruce Township, MI
How much do homes in Bruce Township, MI cost?
Median Sold Price
$432,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,175(+4.9%)
Key Takeaway
Homes in Bruce Township have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Bruce Township was $432,500 in October 2024, up 4.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $60K | -22.6% |
| 2 Bedrooms | $350.8K | $249.9K | -28.8% |
| 3 Bedrooms | $394.9K | $420K | +6.3% |
| 4 Bedrooms | $471K | $490K | +4.0% |
| 5+ Bedrooms | $487.5K | $775K | +59.0% |
Summary: Bruce Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes decreased by 28.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 59%.
Median Sold Price Compared To Nearby Cities
| Romeo | $310.5K | $375K | +20.8% |
| Bruce Township | $412.3K | $432.5K | +4.9% |
| Washington | $430K | $450K | +4.7% |
| Washington Township | $417.5K | $431.2K | +3.3% |
Housing Supply in Bruce Township, MI
How many homes are available in Bruce Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 38 | -9.5% |
Summary: The Bruce Township real estate market had 38 homes for sale in October 2024, a 9.5% 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 | 6 | 3 | -50.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bruce 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 decreased by 50%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bruce Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bruce Township in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Bruce Township, MI
How long does it take to sell a home in Bruce Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 38 Days | -35.0% |
Summary: Homes in Bruce Township had an average of 38 days on market in Oct 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bruce Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Bruce Township; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.