$1,425 Closing Credit*
$120,000
1,200 SqFt
3 Beds
•1 Full Bath
Betty Partello, Listing Office: River Country Realty
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 November 2023
Since last year, South Branch Township has remained a Seller's Market.
Key Takeaway
South Branch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Branch Township, MI
How much do homes in South Branch Township, MI cost?
Median Sold Price
$175,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,500(+4.5%)
Key Takeaway
Homes in South Branch Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in South Branch Township was $175,000 in November 2024, up 4.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | $220K | +780.0% |
| 2 Bedrooms | $97.9K | $136.7K | +39.6% |
| 3 Bedrooms | $180K | $196.1K | +9.0% |
| 4 Bedrooms | $280K | $186K | -33.6% |
| 5+ Bedrooms | $292K | - | N/A |
Summary: South Branch Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 780%, 2 bedroom homes increased by 39.6%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 33.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Big Creek Township | $95K | $110.7K | +16.5% |
| Grayling Charter Township | $165K | $182.5K | +10.6% |
| South Branch Township | $167.5K | $175K | +4.5% |
Housing Supply in South Branch Township, MI
How many homes are available in South Branch Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The South Branch Township real estate market had 23 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Branch Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in South Branch Township in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 November 2024, 7 homes were sold in South Branch Township; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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