Is West Branch Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Branch Township is a seller's market

Buyer's
Market

Difference Since October 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

$201,500

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+9.5%)

Key Takeaway

Homes in West Branch Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in West Branch Township was $201,500 in October 2024, up 9.5% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$120K
-4.0%
2 $129K$139K
+7.8%
3 $211K$235K
+11.4%
4 $230K$305K
+32.6%
5+ $250K$332K
+32.8%

Summary: West Branch Township 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 7.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 32.8%.

Housing Supply in West Branch Township, MI

How many homes are available in West Branch Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
68680.0%

Summary: The West Branch Township real estate market had 68 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1411
-21.4%
3 3136
+16.1%
4 1615
-6.3%
5+ 65
-16.7%

Summary: The West Branch Township 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 21.4%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Branch Township, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in West Branch Township in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
81 Days96 Days+18.2%

Summary: Homes in West Branch Township had an average of 96 days on market in Oct 2024, up by 18.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Branch Township has remained consistent over time.

Summary: During October 2024, 14 homes were sold in West Branch Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in West Branch Township, MI

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