$3,076 Closing Credit*
$259,000
1,440 SqFt
3 Beds
•1 Full Bath, 1 Partial
KEVIN SCOTT, Listing Office: MORRIS-RICHARDSON RE
Is West Branch Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, West Branch Township has remained a Seller's Market.
Key Takeaway
West Branch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Branch Township, MI
How much do homes in West Branch Township, MI cost?
Median Sold Price
$173,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$21,500(-11.1%)
Key Takeaway
Homes in West Branch Township have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in West Branch Township was $173,000 in August 2024, down 11.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $90K | -31.3% |
| 2 Bedrooms | $126.9K | $139K | +9.5% |
| 3 Bedrooms | $211K | $212.5K | +0.7% |
| 4 Bedrooms | $285K | $304K | +6.7% |
| 5+ Bedrooms | $250K | $279K | +11.6% |
Summary: West Branch Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in West Branch Township, MI
How many homes are available in West Branch Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 58 | 66 | +13.8% |
Summary: The West Branch Township real estate market had 66 homes for sale in August 2024, a 13.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The West Branch Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in West Branch Township in August 2024, up by 27.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for West Branch Township, MI
How long does it take to sell a home in West Branch Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 41 Days | 64 Days | +57.2% |
Summary: Homes in West Branch Township had an average of 64 days on market in Aug 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Branch Township has remained consistent over time.
Summary: During August 2024, 14 homes were sold in West Branch Township; 14% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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