Is North Branch Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Branch Township has remained a Seller's Market.
Housing Prices in North Branch Township, MI
How much do homes in North Branch Township, MI cost?
Median Sold Price
$269,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Branch Township was $269,500 in May 2024, up 22.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $270K | N/A |
2 Bedrooms | $167.9K | $285K | +69.7% |
3 Bedrooms | $208K | $248K | +19.2% |
4 Bedrooms | $317.5K | $337.5K | +6.3% |
5+ Bedrooms | $485K | $520K | +7.2% |
Summary: North Branch Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.7%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Burlington Township | $185K | $242.4K | +31.1% |
Burnside Township | $266.4K | $329K | +23.5% |
North Branch Township | $220K | $269.5K | +22.5% |
North Branch | $220K | $269.5K | +22.5% |
Housing Supply in North Branch Township, MI
How many homes are available in North Branch Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 23 | -17.9% |
Summary: The North Branch Township real estate market had 23 homes for sale in May 2024, a 17.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The North Branch Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Branch Township in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for North Branch Township, MI
How long does it take to sell a home in North Branch Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 14 Days | -78.8% |
Summary: Homes in North Branch Township had an average of 14 days on market in May 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in North Branch Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.