Is Brockway Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brockway Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Brockway Township has remained a Seller's Market.

Key Takeaway

Brockway Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brockway Township, MI

How much do homes in Brockway Township, MI cost?

Median Sold Price

$322,500

$194/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$22,600(+7.5%)

Key Takeaway

Homes in Brockway Township have sold for 7.5% more than they did a month ago.

Summary: The median home sold price in Brockway Township was $322,500 in February 2024, up 7.5% from last month, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 -$220K
N/A
4 -$425K
N/A
5+ $299.9K-
N/A

Summary: Brockway Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Yale
+47.6%
Brockway Township
+7.5%

Housing Supply in Brockway Township, MI

How many homes are available in Brockway Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
550.0%

Summary: The Brockway Township real estate market had 5 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 22
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Brockway Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brockway Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Brockway Township in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Brockway Township, MI

How long does it take to sell a home in Brockway Township, MI?

Average Sale Time

Jan 2024Feb 2024CHANGE
119 Days27 Days-77.3%

Summary: Homes in Brockway Township had an average of 27 days on market in Feb 2024, down by 77.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brockway Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Brockway Township; 100% of homes were sold within 30 days, 0% 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 3 Days Ago

Newest Listings in Brockway Township, MI

Nearby Markets to Brockway Township, MI

What housing markets are near Brockway Township, MI?