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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, Brush Park was a Buyer's Market.

Key Takeaway

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

Housing Prices in Brush Park, MI

How much do homes in Brush Park, MI cost?

Median Sold Price

$402,500

$282/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$252,500(-38.5%)

Key Takeaway

Homes in Brush Park have sold for 38.5% less than they did a month ago.

Summary: The median home sold price in Brush Park was $402,500 in November 2024, down 38.5% from last month, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$355K
N/A
2 $405K$440.1K
+8.7%
3 $1.2M$395K
-67.1%
4 $650K-
N/A
5+ $660K-
N/A

Summary: Brush Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 67.1%, 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

Oct 2024Nov 2024CHANGE
3329-12.1%

Summary: The Brush Park real estate market had 29 homes for sale in November 2024, a 12.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 109
-10.0%
3 1312
-7.7%
4 21
-50.0%
5+ 10
-100.0%

Summary: The Brush Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was 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. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Brush Park in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% 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

Oct 2024Nov 2024CHANGE
63 Days51 Days-19.6%

Summary: Homes in Brush Park had an average of 51 days on market in Nov 2024, down by 19.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Brush Park has remained consistent over time.

Summary: During November 2024, 8 homes were sold in Brush Park; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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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