Is Brighton, 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, Brighton has remained a Seller's Market.
Housing Prices in Brighton, MI
How much do homes in Brighton, MI cost?
Median Sold Price
$415,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Brighton was $415,000 in June 2024, up 3.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.7K | $144K | 0.2% |
2 Bedrooms | $297.2K | $296.7K | -0.2% |
3 Bedrooms | $358.6K | $378.2K | +5.5% |
4 Bedrooms | $510K | $528.7K | +3.7% |
5+ Bedrooms | $569.9K | $658.7K | +15.6% |
Summary: Brighton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Genoa Township | $360K | $401K | +11.4% |
Green Oak Township | $410.7K | $427.7K | +4.1% |
Brighton | $400K | $415K | +3.8% |
Brighton Township | $402.5K | $417.4K | +3.7% |
Housing Supply in Brighton, MI
How many homes are available in Brighton, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
185 | 197 | +6.5% |
Summary: The Brighton real estate market had 197 homes for sale in June 2024, a 6.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 77 | 74 | -3.9% |
4 Bedrooms | 55 | 66 | +20.0% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Brighton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
55 | 51 | -7.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Brighton in June 2024, down by 7.3% month-over-month. Of the 51 sold homes, 25% were sold under asking, 12% were sold at asking, and 63% were sold over asking.
Days on Market for Brighton, MI
How long does it take to sell a home in Brighton, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
40 Days | 15 Days | -61.0% |
Summary: Homes in Brighton had an average of 15 days on market in Jun 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 51 homes were sold in Brighton; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.