$4,334 Closing Credit*
$365,000
2,031 SqFt
5 Beds
•2 Full Baths, 1 Partial
Caroline F D'Andrea, Listing Office: Coldwell Banker Professionals
Is North Branch, 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, North Branch has remained a Seller's Market.
Key Takeaway
North Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Branch, MI
How much do homes in North Branch, MI cost?
Median Sold Price
$265,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,500(+6.2%)
Key Takeaway
Homes in North Branch have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in North Branch was $265,000 in October 2024, up 6.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $207.3K | $199.4K | -3.8% |
| 3 Bedrooms | $249.5K | $265K | +6.2% |
| 4 Bedrooms | $247.5K | $337.5K | +36.4% |
| 5+ Bedrooms | $520K | $340K | -34.6% |
Summary: North Branch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 34.6%.
Median Sold Price Compared To Nearby Cities
| North Branch | $249.5K | $265K | +6.2% |
| North Branch Township | $249.5K | $265K | +6.2% |
Housing Supply in North Branch, MI
How many homes are available in North Branch, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 41 | +28.1% |
Summary: The North Branch real estate market had 41 homes for sale in October 2024, a 28.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 18 | 28 | +55.6% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The North Branch 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 50%, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branch, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Branch in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for North Branch, MI
How long does it take to sell a home in North Branch, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 40 Days | +14.5% |
Summary: Homes in North Branch had an average of 40 days on market in Oct 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Branch has remained consistent over time.
Summary: During October 2024, 9 homes were sold in North Branch; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
