Is Brooklyn, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Brooklyn was a Seller's Market.
Housing Prices in Brooklyn, MI
How much do homes in Brooklyn, MI cost?
Median Sold Price
$285,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brooklyn was $285,000 in March 2024, up 13.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86.5K | $197.5K | +128.3% |
2 Bedrooms | $166K | $229.9K | +38.5% |
3 Bedrooms | $277K | $262.7K | -5.1% |
4 Bedrooms | $268K | $350K | +30.6% |
5+ Bedrooms | $522.5K | $512.4K | -1.9% |
Summary: Brooklyn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.3%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Brooklyn | $251.5K | $285K | +13.3% |
Columbia Township | $287K | $304.5K | +6.1% |
Housing Supply in Brooklyn, MI
How many homes are available in Brooklyn, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 73 | +21.7% |
Summary: The Brooklyn real estate market had 73 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 9 | 14 | +55.6% |
3 Bedrooms | 30 | 30 | 0.0% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Brooklyn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 55.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Brooklyn in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.
Days on Market for Brooklyn, MI
How long does it take to sell a home in Brooklyn, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 65 Days | +41.9% |
Summary: Homes in Brooklyn had an average of 65 days on market in Mar 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Brooklyn; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.