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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broomfield Township is a neutral's market

Buyer's
Market

Difference Since July 2021

Since last year, Broomfield Township has remained a Neutral Market.

Key Takeaway

Broomfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Broomfield Township, MI cost?

Median Sold Price

$195,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$20,500(+11.7%)

Key Takeaway

Homes in Broomfield Township have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $42.1K$185K
+339.4%
3 $165K$175K
+6.1%
4 $237K$239K
+0.8%
5+ $231.5K-
N/A

Median Sold Price Compared To Nearby Cities

Sherman Township
+35.2%
Remus
+30.0%
Weidman
+26.4%
Broomfield Township
+11.7%
Lake Isabella
-10.2%

How many homes are available in Broomfield Township, MI?

Number of Homes For Sale

Jun 2022Jul 2022%
67+16.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 11
0.0%
5+ 13
+200.0%

Number of Homes Sold

Jun 2022Jul 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broomfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
90 Days74 Days-17.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Broomfield Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Broomfield Township, MI

Number of homes for sale in Broomfield Township, MI real estate market have reached 7. The number of listings in Broomfield Township, MI increased by 16.7% between June 2022 and July 2022. Listings spent 74 days on the market in July 2022, and had a median list price of $195,000 during the same period. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 339.4% more expensive, prices of 3 bedrooms properties went up by 6.1%, prices of 4 bedrooms properties increased by 0.8%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes decreased by 25%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory increased by 200%. While more than 1 listings in Broomfield Township, MI in July 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.

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