Is West Branch, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, West Branch was a Buyer's Market.
Housing Prices in West Branch, MI
How much do homes in West Branch, MI cost?
Median Sold Price
$214,000
$162/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in West Branch was $214,000 in April 2024, up 35.4% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $190K | N/A |
3 Bedrooms | $158K | $238K | +50.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: West Branch housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 50.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
West Branch | $158K | $214K | +35.4% |
West Branch Township | $158K | $214K | +35.4% |
Housing Supply in West Branch, MI
How many homes are available in West Branch, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 41 | +46.4% |
Summary: The West Branch real estate market had 41 homes for sale in April 2024, a 46.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 16 | 24 | +50.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West Branch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in West Branch in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for West Branch, MI
How long does it take to sell a home in West Branch, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 Days | 85 Days | -26.3% |
Summary: Homes in West Branch had an average of 85 days on market in Apr 2024, down by 26.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in West Branch; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.