Brighton, MI Home Values & Market Trends
Real estate market trends reflect that there have been 766 transactions over the past year in Brighton. The median value for residential home transactions that occurred over the previous year is $406,010.91. The number of current listings in Brighton is 75, and the percentage of properties for sale in the city is 75.00%. Brighton, MI currently has 7 properties in foreclosure, 2 bank owned properties, 5 properties headed for auction, and 75 properties for sale.
Brighton, MI Real Estate Market Overview
Housing Market Summary for Brighton, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $419K | $402K | -4.06% |
Median Sold Price | $387.3K | $402K | 3.78% |
Homes For Sale | 72 | 45 | -37.50% |
Homes Sold | 609 | 342 | -43.84% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Brighton, MI
Browse Homes in Brighton, MI
Brighton home values range from $23,063 to $3,941,630. The median estimated value of a home in Brighton is $406,010.91. The median list price of a home is 425,000, and the total count of properties in the city is 18,433.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Brighton, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Brighton, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Brighton, MI ranges from the highest value of $283,521 in 48116 to the lowest value of $120,714 in 48116. Bank owned homes and properties account for 0.01% of properties in Brighton, MI. There are 2 zips within Brighton, MI; 48116 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48116 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Brighton, MI. Auction homes and other auction properties account for 0.03% of all properties in Brighton, MI. There are 2 zips within Brighton, MI; of those zips, the median estimated home value for homes going to auction ranges from $475,063 in 48114 to the lowest value of $224,609 in 48114.
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More Real Estate Resources for Brighton, MI
Guide for Brighton, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.