$2,968 Closing Credit*
$249,900
1,721 SqFt
4 Beds
•1 Bath
BRENT CHURCH, Listing Office: MORRIS-RICHARDSON RE
Is West 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, West Branch has remained a Seller's Market.
Key Takeaway
West Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Branch, MI
How much do homes in West Branch, MI cost?
Median Sold Price
$195,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+6.0%)
Key Takeaway
Homes in West Branch have sold for 6% more than they did a year ago.
Summary: The median home sold price in West Branch was $195,000 in October 2024, up 6% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $120K | -4.0% |
| 2 Bedrooms | $129K | $138.5K | +7.4% |
| 3 Bedrooms | $211K | $229.9K | +9.0% |
| 4 Bedrooms | $230K | $305K | +32.6% |
| 5+ Bedrooms | $250K | $332K | +32.8% |
Summary: West Branch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Cities
| West Branch Township | $180K | $195K | +8.3% |
| West Branch | $184K | $195K | +6.0% |
Housing Supply in West Branch, MI
How many homes are available in West Branch, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 65 | 0.0% |
Summary: The West Branch real estate market had 65 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The West 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 decreased by 15.4%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in West Branch in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for West Branch, MI
How long does it take to sell a home in West Branch, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 97 Days | +19.1% |
Summary: Homes in West Branch had an average of 97 days on market in Oct 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Branch has remained consistent over time.
Summary: During October 2024, 13 homes were sold in West Branch; 0% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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