Is Bronson, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bronson is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bronson was a Buyer's Market.

Key Takeaway

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

Housing Prices in Bronson, MI

How much do homes in Bronson, MI cost?

Median Sold Price

$184,500

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,500(-1.9%)

Key Takeaway

Homes in Bronson have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Bronson was $184,500 in October 2024, down 1.9% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $126K$81K
-35.7%
2 $140.7K$164.9K
+17.2%
3 $188K$169.9K
-9.6%
4 $234.9K$201.7K
-14.1%
5+ -$432.8K
N/A

Summary: Bronson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bronson
-1.9%
Bronson Township
-2.5%

Housing Supply in Bronson, MI

How many homes are available in Bronson, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2431+29.2%

Summary: The Bronson real estate market had 31 homes for sale in October 2024, a 29.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1214
+16.7%
4 912
+33.3%
5+ 01
+100.0%

Summary: The Bronson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bronson, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Bronson in October 2024, up by 800.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 78% were sold at asking, and 0% were sold over asking.

Days on Market for Bronson, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days80 Days+73.7%

Summary: Homes in Bronson had an average of 80 days on market in Oct 2024, up by 73.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bronson are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 9 homes were sold in Bronson; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% 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 7 Days Ago

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