$2,019 Closing Credit*
$170,000
1,421 SqFt
3 Beds
•1 Full Bath
CHRISTINE BEEBE, Listing Office: SCOFIELD REAL ESTATE LLC
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 November 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
$204,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,500(+20.4%)
Key Takeaway
Homes in West Branch Township have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in West Branch Township was $204,000 in November 2024, up 20.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $120K | +50.0% |
| 2 Bedrooms | $129K | $135K | +4.7% |
| 3 Bedrooms | $210K | $229.9K | +9.5% |
| 4 Bedrooms | $202.5K | $302.5K | +49.4% |
| 5+ Bedrooms | $250K | $290K | +16.0% |
Summary: West Branch Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 49.4%, and 5+ bedroom homes increased by 16%.
Housing Supply in West Branch Township, MI
How many homes are available in West Branch Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 60 | -6.3% |
Summary: The West Branch Township real estate market had 60 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The West Branch Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Branch Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in West Branch Township in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 86 Days | +39.1% |
Summary: Homes in West Branch Township had an average of 86 days on market in Nov 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in West Branch Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 11 homes were sold in West Branch Township; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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