Is North Branch, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, North Branch has remained a Seller's Market.
Housing Prices in North Branch, MI
How much do homes in North Branch, MI cost?
Median Sold Price
$269,900
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in North Branch was $269,900 in June 2024, up 25% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | - | N/A |
2 Bedrooms | $175.9K | $199K | +13.1% |
3 Bedrooms | $204K | $252.5K | +23.8% |
4 Bedrooms | $245K | $365K | +49.0% |
5+ Bedrooms | $485K | $522.5K | +7.7% |
Summary: North Branch housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 49%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
North Branch | $216K | $269.9K | +25.0% |
North Branch Township | $216K | $269.9K | +25.0% |
Housing Supply in North Branch, MI
How many homes are available in North Branch, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The North Branch real estate market had 24 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The North Branch housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in North Branch in June 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for North Branch, MI
How long does it take to sell a home in North Branch, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
70 Days | 14 Days | -80.2% |
Summary: Homes in North Branch had an average of 14 days on market in Jun 2024, down by 80.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in North Branch; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.