Is South Branch, MI 48761 a buyer’s or seller’s market?
South Branch is a seller’s market. With about 2.9 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The South Branch housing market right now
In the three months ending August 31, 2026, 0% of homes in South Branch, MI 48761 sold above their list price, the typical home went under contract in 45 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold more slowly (41 days then) and the median sale price rose 36% to $230,900. Overall, South Branch is less competitive than a year ago, which gives buyers more room.
Within Ogemaw County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Rose City 48654 (20% sold over asking) and Prescott 48756 (20% sold over asking) are even more competitive.
Run the numbers for 48761
Nearby markets
Lupton 48635Seller’s market $128 /sq ftPrescott 48756Buyer’s market $127 /sq ftRose City 48654Seller’s market $145 /sq ftWest Branch 48661Seller’s market $158 /sq ft Browse all markets →Where South Branch is
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Questions about South Branch real estate
Is South Branch a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in South Branch, MI 48761 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in South Branch?
The typical home went under contract in 45 days in the latest three months.
Do homes in South Branch sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.7% of the list price.
What are property taxes in South Branch?
About 0.95% of a home’s value a year in Ogemaw County, or roughly $3,800 on a $400,000 home.
What is the median home price in South Branch?
The median sale price was $230,900 in the three months ending August 31, 2026, about $182 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology