Is Brandon Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$363,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brandon Charter Township have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Brandon Charter Township was $363,500 in April 2024, up 2.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $117.5K | -13.6% |
| 2 Bedrooms | $260K | $204.5K | -21.3% |
| 3 Bedrooms | $345K | $363.5K | +5.4% |
| 4 Bedrooms | $389.9K | $385K | -1.3% |
| 5+ Bedrooms | $465K | $345K | -25.8% |
Summary: Brandon Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes decreased by 21.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Oxford Charter Township | $367.2K | $400K | +8.9% |
| Ortonville | $349K | $377K | +8.0% |
| Hadley Township | $375K | $403.2K | +7.5% |
| Independence Charter Township | $371.4K | $385K | +3.7% |
| Brandon Charter Township | $355K | $363.5K | +2.4% |
Housing Supply in Brandon Charter Township, MI
How many homes are available in Brandon Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Summary: The Brandon Charter Township real estate market had 35 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Brandon Charter Township housing inventory by bedroom type for April 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 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandon Charter Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Brandon Charter Township in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 13 Days | -75.0% |
Summary: Homes in Brandon Charter Township had an average of 13 days on market in Apr 2024, down by 75% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandon Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Brandon Charter Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.