Is Branch, MI 49402 a buyer’s or seller’s market?
Branch is a seller’s market. With about 3.2 months of supply and 44% 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 Branch housing market right now
In the three months ending August 31, 2026, 44% of homes in Branch, MI 49402 sold above their list price, the typical home went under contract in 58 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (38 days then) and the median sale price fell 11% to $274,881. Overall, Branch is more competitive than a year ago, so tougher for buyers.
Within Lake County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Chase 49623 (0% sold over asking) or Irons 49644 (4% sold over asking).
Run the numbers for 49402
Nearby markets
Baldwin 49304Balanced $189 /sq ftChase 49623Buyer’s market $319 /sq ftIdlewild 49642Balanced $133 /sq ftIrons 49644Seller’s market $175 /sq ft Browse all markets →Towns like Branch nearby
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Questions about Branch real estate
Is Branch a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Branch, MI 49402 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 Branch?
The typical home went under contract in 58 days in the latest three months.
Do homes in Branch sell over asking?
44% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Branch?
About 1.09% of a home’s value a year in Lake County, or roughly $4,360 on a $400,000 home.
What is the median home price in Branch?
The median sale price was $274,881 in the three months ending August 31, 2026, about $239 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