$275,000
8.48 Acres
Land
GAIL CURTIS, Listing Office: 31 Realty
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 December 2023
At the same time last year, West Branch Township was a Seller's Market.
Key Takeaway
West 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 West Branch Township, MI
How much do homes in West Branch Township, MI cost?
Median Sold Price
$217,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$48,250(+28.5%)
Key Takeaway
Homes in West Branch Township have sold for 28.5% more than they did a year ago.
Summary: The median home sold price in West Branch Township was $217,500 in December 2024, up 28.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $120K | +50.0% |
| 2 Bedrooms | $129K | $141K | +9.3% |
| 3 Bedrooms | $210.5K | $232.4K | +10.4% |
| 4 Bedrooms | $257.5K | $305K | +18.4% |
| 5+ Bedrooms | $236.5K | $329K | +39.1% |
Summary: West Branch Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 39.1%.
Housing Supply in West Branch Township, MI
How many homes are available in West Branch Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 57 | 50 | -12.3% |
Summary: The West Branch Township real estate market had 50 homes for sale in December 2024, a 12.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The West Branch Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in West Branch Township in December 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 50 Days | 134 Days | +165.2% |
Summary: Homes in West Branch Township had an average of 134 days on market in Dec 2024, up by 165.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Branch Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in West Branch Township; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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