Is Branch County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Branch County has remained a Seller's Market.
Housing Prices in Branch County, MI
How much do homes in Branch County, MI cost?
Median Sold Price
$199,925
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Branch County was $199,925 in March 2024, up 17.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $80K | -40.7% |
2 Bedrooms | $142K | $150K | +5.6% |
3 Bedrooms | $171.5K | $202.5K | +18.1% |
4 Bedrooms | $197K | $235K | +19.3% |
5+ Bedrooms | $265K | $365.7K | +38.0% |
Summary: Branch County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Counties
Branch County | $170K | $199.9K | +17.6% |
Calhoun County | $163.8K | $176.5K | +7.7% |
Hillsdale County | $175K | $186.1K | +6.4% |
Saint Joseph County | $179.9K | $190K | +5.6% |
Housing Supply in Branch County, MI
How many homes are available in Branch County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 173 | +13.8% |
Summary: The Branch County real estate market had 173 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 30 | 35 | +16.7% |
3 Bedrooms | 71 | 79 | +11.3% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Branch County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Branch County in March 2024, up by 25.0% month-over-month. Of the 30 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Branch County, MI
How long does it take to sell a home in Branch County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 55 Days | -31.7% |
Summary: Homes in Branch County had an average of 55 days on market in Mar 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Branch County; 43% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.