Is Brush Park, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brush Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Brush Park has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Brush Park, MI

How much do homes in Brush Park, MI cost?

Median Sold Price

$650,000

$181/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$305,000(+88.4%)

Key Takeaway

Homes in Brush Park have sold for 88.4% more than they did a month ago.

Summary: The median home sold price in Brush Park was $650,000 in October 2024, up 88.4% from last month, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $290K-
N/A
2 $400K$405K
+1.3%
3 --
N/A
4 -$650K
N/A
5+ -$660K
N/A

Summary: Brush Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Brush Park, MI

How many homes are available in Brush Park, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2832+14.3%

Summary: The Brush Park real estate market had 32 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 810
+25.0%
3 911
+22.2%
4 22
0.0%
5+ 22
0.0%

Summary: The Brush Park 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 increased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brush Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Brush Park in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Brush Park, MI

How long does it take to sell a home in Brush Park, MI?

Average Sale Time

Sep 2024Oct 2024CHANGE
33 Days84 Days+156.6%

Summary: Homes in Brush Park had an average of 84 days on market in Oct 2024, up by 156.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Brush Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Brush Park; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

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