Is Branch County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Branch County has remained a Seller's Market.
Housing Prices in Branch County, MI
How much do homes in Branch County, MI cost?
Median Sold Price
$197,080
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Branch County was $197,080 in April 2024, up 13.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146.5K | $95K | -35.2% |
2 Bedrooms | $142.5K | $150K | +5.3% |
3 Bedrooms | $174.3K | $200K | +14.7% |
4 Bedrooms | $199.9K | $235K | +17.6% |
5+ Bedrooms | $354.9K | $315K | -11.3% |
Summary: Branch County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Counties
Branch County | $174.2K | $197K | +13.1% |
Hillsdale County | $175K | $189.9K | +8.5% |
Calhoun County | $165K | $175K | +6.1% |
Saint Joseph County | $180.2K | $190K | +5.4% |
Housing Supply in Branch County, MI
How many homes are available in Branch County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
167 | 176 | +5.4% |
Summary: The Branch County real estate market had 176 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 33 | 38 | +15.2% |
3 Bedrooms | 77 | 77 | 0.0% |
4 Bedrooms | 34 | 35 | +2.9% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Branch County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Branch County in April 2024, up by 12.1% month-over-month. Of the 37 sold homes, 54% were sold under asking, 32% were sold at asking, and 14% were sold over asking.
Days on Market for Branch County, MI
How long does it take to sell a home in Branch County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 74 Days | -19.1% |
Summary: Homes in Branch County had an average of 74 days on market in Apr 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Branch County; 30% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.