Is Brighton 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, Brighton Township has remained a Seller's Market.
Key Takeaway
Brighton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brighton Township, MI
How much do homes in Brighton Township, MI cost?
Median Sold Price
$417,436
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Brighton Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Brighton Township was $417,436 in June 2024, up 3.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.7K | $144K | 0.2% |
| 2 Bedrooms | $297.2K | $298.5K | 0.4% |
| 3 Bedrooms | $360K | $375K | +4.2% |
| 4 Bedrooms | $510.5K | $535K | +4.8% |
| 5+ Bedrooms | $577.5K | $660K | +14.3% |
Summary: Brighton Township 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 increased by 0.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $415K | $475K | +14.5% |
| Green Oak Township | $410.7K | $427.7K | +4.1% |
| Brighton | $400K | $415K | +3.8% |
| Brighton Township | $402.5K | $417.4K | +3.7% |
| Hartland Township | $425K | $415K | -2.4% |
Housing Supply in Brighton Township, MI
How many homes are available in Brighton Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 189 | 203 | +7.4% |
Summary: The Brighton Township real estate market had 203 homes for sale in June 2024, a 7.4% 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 | 31 | 35 | +12.9% |
| 3 Bedrooms | 77 | 74 | -3.9% |
| 4 Bedrooms | 57 | 70 | +22.8% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Brighton Township 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 12.9%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 56 | 53 | -5.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton Township, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Brighton Township in June 2024, down by 5.4% month-over-month. Of the 53 sold homes, 28% were sold under asking, 11% were sold at asking, and 60% were sold over asking.
Days on Market for Brighton Township, MI
How long does it take to sell a home in Brighton Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 40 Days | 18 Days | -54.4% |
Summary: Homes in Brighton Township had an average of 18 days on market in Jun 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brighton Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 53 homes were sold in Brighton Township; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% 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.