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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brady Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Brady Township has remained a Seller's Market.

Key Takeaway

Brady Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brady Township, MI

How much do homes in Brady Township, MI cost?

Median Sold Price

$223,900

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$33,550(-13.0%)

Key Takeaway

Homes in Brady Township have sold for 13% less than they did a year ago.

Summary: The median home sold price in Brady Township was $223,900 in September 2024, down 13% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $20.2K$6K
-70.4%
2 $146.9K$175K
+19.1%
3 $245.4K$210.5K
-14.2%
4 $299.9K$300K
0.0%
5+ $440K$902.2K
+105.0%

Summary: Brady Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.4%, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 105%.

Median Sold Price Compared To Nearby Cities

Pavilion Township
+19.9%
Schoolcraft Township
+7.4%
Vicksburg
0.0%
Brady Township
-13.0%

Housing Supply in Brady Township, MI

How many homes are available in Brady Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1415+7.1%

Summary: The Brady Township real estate market had 15 homes for sale in September 2024, a 7.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 89
+12.5%
4 43
-25.0%
5+ 01
+100.0%

Summary: The Brady Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brady Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Brady Township in September 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Brady Township, MI

How long does it take to sell a home in Brady Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
11 Days23 Days+105.2%

Summary: Homes in Brady Township had an average of 23 days on market in Sep 2024, up by 105.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brady Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Brady Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Brady Township, MI

Nearby Markets to Brady Township, MI

What housing markets are near Brady Township, MI?