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 June 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
$375,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Brandon Charter Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Brandon Charter Township was $375,000 in June 2024, up 6.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $315.9K | +167.7% |
| 2 Bedrooms | $260K | $186.5K | -28.3% |
| 3 Bedrooms | $345K | $362K | +4.9% |
| 4 Bedrooms | $395K | $405K | +2.5% |
| 5+ Bedrooms | $395K | $389.9K | -1.3% |
Summary: Brandon Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 167.7%, 2 bedroom homes decreased by 28.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Ortonville | $349.9K | $385K | +10.0% |
| Brandon Charter Township | $352K | $375K | +6.5% |
| Oxford Charter Township | $375K | $396K | +5.6% |
| Independence Charter Township | $390K | $375.8K | -3.6% |
Housing Supply in Brandon Charter Township, MI
How many homes are available in Brandon Charter Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 53 | -13.1% |
Summary: The Brandon Charter Township real estate market had 53 homes for sale in June 2024, a 13.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Brandon Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandon Charter Township, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Brandon Charter Township in June 2024, up by 10.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 24% were sold at asking, and 48% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 35 Days | 13 Days | -61.7% |
Summary: Homes in Brandon Charter Township had an average of 13 days on market in Jun 2024, down by 61.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were 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 June 2024, 21 homes were sold in Brandon Charter Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
