Is Vergennes Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Vergennes Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $399.9K | 0% |
3 Bedrooms | $355K | $390K | +9.9% |
4 Bedrooms | $379.5K | $560K | +47.6% |
5+ Bedrooms | $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 | $310K | $390K | +25.8% |
Vergennes Township | $422.5K | $507.5K | +20.1% |
Lowell Charter Township | $360K | $390K | +8.3% |
Ada | $573K | $600K | +4.7% |
Housing Supply in Vergennes Township, MI
How many homes are available in Vergennes Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 0 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 1 | -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
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
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.