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

Housing Market Conditions



Gauge showing Bruce Township is a neutral's market


Difference Since August 2022

At the same time last year, Bruce Township was a Seller's Market.

Key Takeaway

Bruce 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.

Housing Prices

How much do homes in Bruce Township, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Bruce Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Bruce Township was $400,000 in August 2023, up 4.2% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $60K$77.5K
2 $305.9K$339.2K
3 $399.9K$345K
4 $457.5K$575K
5+ $900K$527.5K

Summary: Bruce Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 41.4%.

Median Sold Price Compared To Nearby Cities

Bruce Township
Washington Township

Housing Supply

How many homes are available in Bruce Township, MI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Bruce Township real estate market had 50 homes for sale in August 2023, a 13.6% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 11
2 11
3 2028
4 1615
5+ 65

Summary: The Bruce Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Bruce Township in August 2023, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
87 Days44 Days-49.1%

Summary: Homes in Bruce Township had an average of 44 days on market in Aug 2023, down by 49.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 8 homes were sold in Bruce Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 25 Days Ago

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Nearby Markets

What housing markets are near Bruce Township, MI?