Is South Branch 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, South Branch Township has remained a Seller's Market.
Housing Prices in South Branch Township, MI
How much do homes in South Branch Township, MI cost?
Median Sold Price
$168,750
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Branch Township was $168,750 in April 2024, down 7.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265.6K | $25K | -90.6% |
2 Bedrooms | $140K | $113.9K | -18.6% |
3 Bedrooms | $186.2K | $180K | -3.4% |
4 Bedrooms | $180K | $280K | +55.6% |
5+ Bedrooms | - | $292K | N/A |
Summary: South Branch Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 90.6%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lovells Township | $162.9K | $259.9K | +59.5% |
Grayling Charter Township | $153.4K | $186.2K | +21.4% |
South Branch Township | $182.5K | $168.7K | -7.5% |
Luzerne | $117.5K | $90K | -23.4% |
Big Creek Township | $113.9K | $86.9K | -23.7% |
Housing Supply in South Branch Township, MI
How many homes are available in South Branch Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The South Branch Township real estate market had 22 homes for sale in April 2024, a 37.5% 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 | 7 | 10 | +42.9% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Branch Township 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 42.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Branch Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for South Branch Township, MI
How long does it take to sell a home in South Branch Township, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in South Branch Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.