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 May 2023
Since last year, West Branch Township has remained a Seller's Market.
Housing Prices in West Branch Township, MI
How much do homes in West Branch Township, MI cost?
Median Sold Price
$192,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Branch Township was $192,000 in May 2024, up 11.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131K | $122.5K | -6.5% |
2 Bedrooms | $145K | $133.7K | -7.8% |
3 Bedrooms | $174.9K | $215K | +22.9% |
4 Bedrooms | $215.7K | $230K | +6.6% |
5+ Bedrooms | $250K | $223K | -10.8% |
Summary: West Branch Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
Horton Township | $212.5K | $241K | +13.4% |
West Branch Township | $172.4K | $192K | +11.3% |
West Branch | $185K | $192K | +3.8% |
Churchill Township | $200K | $194.9K | -2.5% |
Housing Supply in West Branch Township, MI
How many homes are available in West Branch Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The West Branch Township real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 24 | 23 | -4.2% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The West Branch Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in West Branch Township in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
132 Days | 87 Days | -34.5% |
Summary: Homes in West Branch Township had an average of 87 days on market in May 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in West Branch Township; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.