Is North Branch Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Branch Township has remained a Seller's Market.
Key Takeaway
North Branch Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Branch Township, MI
How much do homes in North Branch Township, MI cost?
Median Sold Price
$244,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Branch Township have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in North Branch Township was $244,000 in March 2024, up 14.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $152.9K | $255K | +66.7% |
| 3 Bedrooms | $203.5K | $235K | +15.5% |
| 4 Bedrooms | $325.1K | $310K | -4.6% |
| 5+ Bedrooms | $485K | $520K | +7.2% |
Summary: North Branch Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| North Branch | $203K | $244K | +20.2% |
| North Branch Township | $212.5K | $244K | +14.8% |
| Arcadia Township | $345K | $350K | +1.4% |
Housing Supply in North Branch Township, MI
How many homes are available in North Branch Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The North Branch Township real estate market had 24 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Branch Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Branch Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in North Branch Township in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for North Branch Township, MI
How long does it take to sell a home in North Branch Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 81 Days | -13.6% |
Summary: Homes in North Branch Township had an average of 81 days on market in Mar 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Branch Township has remained consistent over time.
Summary: During March 2024, 5 homes were sold in North Branch Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
