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 September 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

$367,500

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$17,500(+5.0%)

Key Takeaway

Homes in Brandon Charter Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Brandon Charter Township was $367,500 in September 2024, up 5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $118K$315.9K
+167.7%
2 $225.2K$195K
-13.4%
3 $342.5K$365K
+6.6%
4 $392.5K$430K
+9.6%
5+ $380K$399.9K
+5.2%

Summary: Brandon Charter Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.7%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Oxford Charter Township
+10.5%
Independence Charter Township
+5.3%
Brandon Charter Township
+5.0%
Ortonville
+1.2%
Hadley Township
-6.3%

Housing Supply in Brandon Charter Township, MI

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4540-11.1%

Summary: The Brandon Charter Township real estate market had 40 homes for sale in September 2024, a 11.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2419
-20.8%
4 1413
-7.1%
5+ 23
+50.0%

Summary: The Brandon Charter Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

6 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Brandon Charter Township in September 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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

Sep 2023Sep 2024CHANGE
12 Days25 Days+112.3%

Summary: Homes in Brandon Charter Township had an average of 25 days on market in Sep 2024, up by 112.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were 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.

Summary: During September 2024, 9 homes were sold in Brandon Charter Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Brandon Charter Township, MI

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