Is Birch Run 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, Birch Run Township has remained a Seller's Market.
Housing Prices in Birch Run Township, MI
How much do homes in Birch Run Township, MI cost?
Median Sold Price
$205,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Birch Run Township was $205,000 in April 2024, down 6.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $104K | $183K | +76.0% |
3 Bedrooms | $227.2K | $199.9K | -12.0% |
4 Bedrooms | $281.7K | $260K | -7.7% |
5+ Bedrooms | - | $240K | N/A |
Summary: Birch Run Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Tuscola Township | $179.2K | $249K | +38.9% |
Arbela Township | $165K | $169.5K | +2.7% |
Frankenmuth Township | $297.5K | $304K | +2.2% |
Birch Run Township | $218.4K | $205K | -6.2% |
Housing Supply in Birch Run Township, MI
How many homes are available in Birch Run Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Birch Run Township real estate market had 17 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Birch Run 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 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Birch Run Township in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 71% were sold at asking, and 14% were sold over asking.
Days on Market for Birch Run Township, MI
How long does it take to sell a home in Birch Run Township, MI?
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Birch Run Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.