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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bruce Township is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Bruce Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Bruce Township, MI cost?

Median Sold Price

$403,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$50,500(+14.3%)

Key Takeaway

Homes in Bruce Township have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $135.2K$89.9K
-33.5%
2 $203K$282K
+38.9%
3 $350.5K$367K
+4.7%
4 $500K$519K
+3.8%
5+ $535K$517K
-3.4%

Median Sold Price Compared To Nearby Cities

Romeo
+23.4%
Bruce Township
+14.3%
Addison Township
+10.5%
Washington
+5.1%

How many homes are available in Bruce Township, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
3741+10.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 34
+33.3%
2 79
+28.6%
3 1311
-15.4%
4 1112
+9.1%
5+ 35
+66.7%

Number of Homes Sold

Mar 2022Apr 2022%
612+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bruce Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
53 Days10 Days-80.1%

Breakdown of Home Sale Times

11 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

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

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

About Bruce Township, MI

Bruce Township, MI has 41 homes on the market. Between March 2022 and April 2022, Bruce Township, MI real estate market has seen increase in the number of listings by 10.8%. Listings spent 10 days on the market in April 2022, and had a median list price of $403,000 during the same period. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 33.5% more cheaper, the cost of 2 bedrooms properties went up by 38.9%, 3 bedrooms properties became 4.7% more expensive, the cost of 4 bedrooms properties went up by 3.8%, 5 bedrooms properties became 3.4% more cheaper. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 33.3%, volume of 2 bedrooms homes went up by 28.6%, the quantity of 3 bedrooms homes went down by 15.4%, number of 4 bedrooms homes increased by 9.1%, 5 bedrooms homes inventory increased by 66.7%. In April 2022 more than 9 listings in Bruce Township, MI were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 1 were sold below.

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