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 buyer's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Brandon Charter Township was a Seller's Market.

Key Takeaway

Brandon Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

Median Sold Price

$347,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$18,000(+5.5%)

Key Takeaway

Homes in Brandon Charter Township have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $152.5K$49.7K
-67.4%
2 $170.5K$225K
+32.0%
3 $285K$310K
+8.8%
4 $374.5K$449.9K
+20.1%
5+ $392.5K$445K
+13.4%

Median Sold Price Compared To Nearby Cities

Hadley Township
+26.1%
Ortonville
+6.2%
Independence Charter Township
+5.9%
Brandon Charter Township
+5.5%
Oxford Charter Township
+2.7%

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

Number of Homes For Sale

Jul 2022Aug 2022%
3945+15.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 22
0.0%
2 44
0.0%
3 1417
+21.4%
4 1718
+5.9%
5+ 24
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
20 Days12 Days-40.0%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Brandon Charter Township, MI

Brandon Charter Township, MI has 45 homes on the market. In August 2022 in Brandon Charter Township, MI there were 15.4% more homes for sale than in July 2022. In August 2022, listings were on the market for 12 days. During the same period, the median list price in this real estate market was $347,000. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties decreased by 67.4%, 2 bedrooms properties prices increased by 32%, prices of 3 bedrooms properties increased by 8.8%, prices of 4 bedrooms properties increased by 20.1%, the cost of 5 bedrooms properties went up by 13.4%. Volume of homes for sale changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went up by 21.4%, the quantity of 4 bedrooms homes went up by 5.9%, 5 bedrooms homes became 100% more available. While more than 2 listings in Brandon Charter Township, MI in August 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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