Is Branch County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Branch County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Branch County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Branch County, MI cost?

Median Sold Price

$173,500

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$28,500(+19.7%)

Key Takeaway

Homes in Branch County have sold for 19.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $106.2K$135K
+27.1%
2 $109.9K$143K
+30.1%
3 $150K$170K
+13.3%
4 $172K$230K
+33.7%
5+ $175K$204K
+16.6%

Median Sold Price Compared To Nearby Counties

Branch County
+19.7%
Hillsdale County
+15.3%
Saint Joseph County
+6.9%
Calhoun County
+5.5%

How many homes are available in Branch County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
224249+11.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 35
+66.7%
2 4547
+4.4%
3 108117
+8.3%
4 5057
+14.0%
5+ 1823
+27.8%

Number of Homes Sold

Jul 2022Aug 2022%
4043+7.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Branch County, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
47 Days41 Days-12.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Branch County, MI

Number of homes for sale in Branch County, MI real estate market have reached 249. In August 2022 in Branch County, MI there were 11.2% more homes for sale than in July 2022. In August 2022, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $173,500. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties became 27.1% more expensive, 2 bedrooms properties prices increased by 30.1%, the cost of 3 bedrooms properties went up by 13.3%, 4 bedrooms properties became 33.7% more expensive, the cost of 5 bedrooms properties went up by 16.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 66.7%, the quantity of 2 bedrooms homes went up by 4.4%, 3 bedrooms homes inventory increased by 8.3%, number of 4 bedrooms homes increased by 14%, 5 bedrooms homes inventory increased by 27.8%. Over 11 listings were sold over their listed price in August 2022 in Branch County, MI. In the same period over 25 listings were sold below the listed price and 7 listings were sold for the listed price.

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