Is Brooks 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, Brooks Township has remained a Seller's Market.
Housing Prices in Brooks Township, MI
How much do homes in Brooks Township, MI cost?
Median Sold Price
$339,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brooks Township was $339,000 in May 2024, up 46.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $199.9K | +129.8% |
2 Bedrooms | $197.4K | $279K | +41.3% |
3 Bedrooms | $245K | $332.5K | +35.7% |
4 Bedrooms | $234.9K | $485K | +106.4% |
5+ Bedrooms | $611.2K | $503K | -17.7% |
Summary: Brooks Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.8%, 2 bedroom homes increased by 41.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 106.4%, and 5+ bedroom homes decreased by 17.7%.
Median Sold Price Compared To Nearby Cities
Brooks Township | $232K | $339K | +46.1% |
Everett Township | $199K | $239K | +20.1% |
Newaygo | $232K | $265K | +14.2% |
Croton Township | $260K | $278K | +6.9% |
Housing Supply in Brooks Township, MI
How many homes are available in Brooks Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The Brooks Township real estate market had 21 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 10 | 6 | -40.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Brooks Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Brooks Township in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Brooks Township, MI
How long does it take to sell a home in Brooks Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 7 Days | -72.5% |
Summary: Homes in Brooks Township had an average of 7 days on market in May 2024, down by 72.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Brooks Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.