Is Brooks 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, Brooks Township has remained a Seller's Market.
Key Takeaway
Brooks Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooks Township, MI
How much do homes in Brooks Township, MI cost?
Median Sold Price
$306,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brooks Township have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in Brooks Township was $306,500 in April 2024, up 22.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.5K | $199.9K | +18.6% |
| 2 Bedrooms | $197.4K | $277.7K | +40.7% |
| 3 Bedrooms | $269K | $290.5K | +8.0% |
| 4 Bedrooms | $234.9K | $485K | +106.4% |
| 5+ Bedrooms | $611.2K | $489.2K | -20.0% |
Summary: Brooks Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 106.4%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Brooks Township | $250K | $306.5K | +22.6% |
| Newaygo | $227K | $249.9K | +10.1% |
| Croton Township | $254.9K | $278K | +9.0% |
Housing Supply in Brooks Township, MI
How many homes are available in Brooks Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Summary: The Brooks Township real estate market had 18 homes for sale in April 2024, a 125.0% 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Brooks 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 150%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 6 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooks Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Brooks Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 39 Days | +563.9% |
Summary: Homes in Brooks Township had an average of 39 days on market in Apr 2024, up by 563.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brooks Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Brooks Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
