Is Briley Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Briley Township was a Buyer's Market.
Key Takeaway
Briley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Briley Township, MI
How much do homes in Briley Township, MI cost?
Median Sold Price
$126,500
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Briley Township have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Briley Township was $126,500 in May 2024, up 17.2% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66K | $90K | +36.4% |
| 2 Bedrooms | $95K | $126.5K | +33.2% |
| 3 Bedrooms | $125K | $137.5K | +10.0% |
| 4 Bedrooms | $90K | $294.9K | +227.7% |
| 5+ Bedrooms | - | $204K | N/A |
Summary: Briley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 33.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 227.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Atlanta | $124K | $162.5K | +31.0% |
| Briley Township | $107.9K | $126.5K | +17.2% |
Housing Supply in Briley Township, MI
How many homes are available in Briley Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Briley Township real estate market had 17 homes for sale in May 2024, a 30.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Briley 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Briley Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Briley Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Briley Township, MI
We’re sorry, we don't have information for this market at the moment
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