Is Brighton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brighton Township has remained a Seller's Market.
Housing Prices in Brighton Township, MI
How much do homes in Brighton Township, MI cost?
Median Sold Price
$415,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brighton Township was $415,000 in April 2024, up 6.1% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.5K | $145K | +48.7% |
2 Bedrooms | $254K | $299.9K | +18.1% |
3 Bedrooms | $350K | $375K | +7.1% |
4 Bedrooms | $500K | $526.3K | +5.3% |
5+ Bedrooms | $609.7K | $655K | +7.4% |
Summary: Brighton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.7%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
Milford Charter Township | $415K | $480K | +15.7% |
Brighton | $367.7K | $411K | +11.8% |
Hartland Township | $385K | $425K | +10.4% |
Green Oak Township | $391K | $430K | +10.0% |
Brighton Township | $391.1K | $415K | +6.1% |
Housing Supply in Brighton Township, MI
How many homes are available in Brighton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 175 | +25.0% |
Summary: The Brighton Township real estate market had 175 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 29 | 31 | +6.9% |
3 Bedrooms | 66 | 75 | +13.6% |
4 Bedrooms | 35 | 51 | +45.7% |
5+ Bedrooms | 8 | 17 | +112.5% |
Summary: The Brighton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes increased by 112.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 54 | +58.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Brighton Township in April 2024, up by 58.8% month-over-month. Of the 54 sold homes, 31% were sold under asking, 22% were sold at asking, and 46% were sold over asking.
Days on Market for Brighton Township, MI
How long does it take to sell a home in Brighton Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 22 Days | -66.8% |
Summary: Homes in Brighton Township had an average of 22 days on market in Apr 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Brighton Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.