$2,838 Closing Credit*
$239,000
1,500 SqFt
3 Beds
•2 Full Baths
JEFF KERMATH, Listing Office: KERMATH REALTY LLC
Is South Branch Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Branch Township was a Seller's Market.
Key Takeaway
South Branch Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Branch Township, MI
How much do homes in South Branch Township, MI cost?
Median Sold Price
$174,900
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,650(+5.2%)
Key Takeaway
Homes in South Branch Township have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in South Branch Township was $174,900 in October 2024, up 5.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $150K | +500.0% |
| 2 Bedrooms | $139K | $113.9K | -18.0% |
| 3 Bedrooms | $180K | $205.6K | +14.3% |
| 4 Bedrooms | $280K | $205K | -26.8% |
| 5+ Bedrooms | $292K | - | N/A |
Summary: South Branch Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grayling Charter Township | $169.5K | $184.9K | +9.1% |
| South Branch Township | $166.2K | $174.9K | +5.2% |
| Big Creek Township | $104.9K | $104.9K | 0.0% |
Housing Supply in South Branch Township, MI
How many homes are available in South Branch Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The South Branch Township real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Branch Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 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 South Branch Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South Branch Township in October 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Branch Township, MI
How long does it take to sell a home in South Branch Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 83 Days | 86 Days | +4.0% |
Summary: Homes in South Branch Township had an average of 86 days on market in Oct 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Branch Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in South Branch Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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