$3,147 Closing Credit*
$265,000
2,616 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jessica Chesney, Listing Office: Realty Market Matters LLC
Is North Branch, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, North Branch was a Buyer'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
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+10.4%)
Key Takeaway
Homes in North Branch have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in North Branch was $265,000 in November 2024, up 10.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $207.3K | $108K | -47.9% |
| 3 Bedrooms | $238K | $260K | +9.2% |
| 4 Bedrooms | $279.5K | $337.5K | +20.8% |
| 5+ Bedrooms | $520K | $542.5K | +4.3% |
Summary: North Branch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47.9%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| North Branch | $240K | $265K | +10.4% |
| North Branch Township | $240K | $265K | +10.4% |
Housing Supply in North Branch, MI
How many homes are available in North Branch, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 34 | -10.5% |
Summary: The North Branch real estate market had 34 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 26 | 23 | -11.5% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The North Branch 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 remained the same, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in North Branch in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 24 Days | +145.7% |
Summary: Homes in North Branch had an average of 24 days on market in Nov 2024, up by 145.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Branch are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in North Branch; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
