Is Brandon Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brandon Charter Township has remained a Seller's Market.
Housing Prices in Brandon Charter Township, MI
How much do homes in Brandon Charter Township, MI cost?
Median Sold Price
$365,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brandon Charter Township was $365,000 in May 2024, up 3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $135K | -0.7% |
2 Bedrooms | $220.2K | $178K | -19.2% |
3 Bedrooms | $342.4K | $361K | +5.4% |
4 Bedrooms | $389.9K | $387.5K | -0.6% |
5+ Bedrooms | $465K | $380K | -18.3% |
Summary: Brandon Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
Ortonville | $350K | $380K | +8.6% |
Oxford Charter Township | $374K | $398.6K | +6.6% |
Brandon Charter Township | $354.5K | $365K | +3.0% |
Hadley Township | $377K | $385K | +2.1% |
Independence Charter Township | $385K | $380.4K | -1.2% |
Housing Supply in Brandon Charter Township, MI
How many homes are available in Brandon Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 63 | +53.7% |
Summary: The Brandon Charter Township real estate market had 63 homes for sale in May 2024, a 53.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 12 | 22 | +83.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brandon Charter Township housing inventory by bedroom type for May 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 38.1%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Brandon Charter Township in May 2024, up by 87.5% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Brandon Charter Township, MI
How long does it take to sell a home in Brandon Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 33 Days | +77.7% |
Summary: Homes in Brandon Charter Township had an average of 33 days on market in May 2024, up by 77.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Brandon Charter Township; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.