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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brandon Charter Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Brandon Charter Township, MI

How much do homes in Brandon Charter Township, MI cost?

Median Sold Price

$365,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,500(+3.0%)

Key Takeaway

Homes in Brandon Charter Township have sold for 3% more than they did a year ago.

Summary: The median home sold price in Brandon Charter Township was $365,000 in May 2024, up 3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $136K$135K
-0.7%
2 $220.2K$178K
-19.2%
3 $342.4K$361K
+5.4%
4 $389.9K$387.5K
-0.6%
5+ $465K$380K
-18.3%

Summary: Brandon Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 18.3%.

Median Sold Price Compared To Nearby Cities

Ortonville
+8.6%
Oxford Charter Township
+6.6%
Brandon Charter Township
+3.0%
Hadley Township
+2.1%
Independence Charter Township
-1.2%

Housing Supply in Brandon Charter Township, MI

How many homes are available in Brandon Charter Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4163+53.7%

Summary: The Brandon Charter Township real estate market had 63 homes for sale in May 2024, a 53.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 48
+100.0%
3 2129
+38.1%
4 1222
+83.3%
5+ 33
0.0%

Summary: The Brandon Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brandon Charter Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Brandon Charter Township in May 2024, up by 87.5% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Brandon Charter Township, MI

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

Average Sale Time

May 2023May 2024CHANGE
18 Days33 Days+77.7%

Summary: Homes in Brandon Charter Township had an average of 33 days on market in May 2024, up by 77.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 15 homes were sold in Brandon Charter Township; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

Newest Listings in Brandon Charter Township, MI

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