Is Brighton Township, 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, Brighton Township has remained a Seller's Market.
Key Takeaway
Brighton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brighton Township, MI
How much do homes in Brighton Township, MI cost?
Median Sold Price
$415,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brighton Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Brighton Township was $415,000 in April 2024, up 6.1% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $145K | +48.7% |
| 2 Bedrooms | $254K | $299.9K | +18.1% |
| 3 Bedrooms | $350K | $375K | +7.1% |
| 4 Bedrooms | $500K | $526.3K | +5.3% |
| 5+ Bedrooms | $609.7K | $655K | +7.4% |
Summary: Brighton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.7%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $415K | $480K | +15.7% |
| Brighton | $367.7K | $411K | +11.8% |
| Hartland Township | $385K | $425K | +10.4% |
| Green Oak Township | $391K | $430K | +10.0% |
| Brighton Township | $391.1K | $415K | +6.1% |
Housing Supply in Brighton Township, MI
How many homes are available in Brighton Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 175 | +25.0% |
Summary: The Brighton Township real estate market had 175 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 66 | 75 | +13.6% |
| 4 Bedrooms | 35 | 51 | +45.7% |
| 5+ Bedrooms | 8 | 17 | +112.5% |
Summary: The Brighton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes increased by 112.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 54 | +58.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton Township, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Brighton Township in April 2024, up by 58.8% month-over-month. Of the 54 sold homes, 31% were sold under asking, 22% were sold at asking, and 46% were sold over asking.
Days on Market for Brighton Township, MI
How long does it take to sell a home in Brighton Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 22 Days | -66.8% |
Summary: Homes in Brighton Township had an average of 22 days on market in Apr 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brighton Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 54 homes were sold in Brighton Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.