Is Vergennes Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vergennes Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Vergennes Township was a Seller's Market.

Key Takeaway

Vergennes Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Vergennes Township, MI

How much do homes in Vergennes Township, MI cost?

Median Sold Price

$507,500

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$85,000(+20.1%)

Key Takeaway

Homes in Vergennes Township have sold for 20.1% more than they did a year ago.

Summary: The median home sold price in Vergennes Township was $507,500 in February 2024, up 20.1% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $400K$399.9K
0%
3 $355K$390K
+9.9%
4 $379.5K$560K
+47.6%
5+ $540K$590K
+9.3%

Summary: Vergennes Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Lowell
+25.8%
Vergennes Township
+20.1%
Lowell Charter Township
+8.3%
Ada
+4.7%

Housing Supply in Vergennes Township, MI

How many homes are available in Vergennes Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
770.0%

Summary: The Vergennes Township real estate market had 7 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 23
+50.0%
5+ 10
-100.0%

Summary: The Vergennes Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vergennes Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Vergennes Township in February 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Vergennes Township, MI

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vergennes Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Vergennes Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Vergennes Township, MI

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