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 February 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

$129,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$41,000(-24.1%)

Key Takeaway

Homes in Brady Township have sold for 24.1% less than they did a year ago.

Summary: The median home sold price in Brady Township was $129,000 in February 2024, down 24.1% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$101.9K
N/A
2 $181K$250K
+38.1%
3 $170K$123.5K
-27.4%
4 $165K$200.3K
+21.4%
5+ -$400K
N/A

Summary: Brady Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.1%, 3 bedroom homes decreased by 27.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chesaning Township
+4.2%
Brady Township
-24.1%

Housing Supply in Brady Township, MI

How many homes are available in Brady Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
550.0%

Summary: The Brady Township real estate market had 5 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Brady Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Brady Township in February 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% 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?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Brady Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 3 homes were sold in Brady Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 28 Days Ago

Newest Listings in Brady Township, MI

Nearby Markets to Brady Township, MI