Is Vicksburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Vicksburg has remained a Seller's Market.
Key Takeaway
Vicksburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vicksburg, MI
How much do homes in Vicksburg, MI cost?
Median Sold Price
$276,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vicksburg have sold for 10% more than they did a year ago.
Summary: The median home sold price in Vicksburg was $276,000 in April 2024, up 10% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $16.2K | -84.3% |
| 2 Bedrooms | $144.4K | $190K | +31.5% |
| 3 Bedrooms | $245K | $268.9K | +9.8% |
| 4 Bedrooms | $275K | $303K | +10.2% |
| 5+ Bedrooms | $290K | $375K | +29.3% |
Summary: Vicksburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.3%, 2 bedroom homes increased by 31.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 29.3%.
Median Sold Price Compared To Nearby Cities
| Schoolcraft Township | $271K | $310K | +14.4% |
| Vicksburg | $251K | $276K | +10.0% |
| Brady Township | $265K | $225K | -15.1% |
Housing Supply in Vicksburg, MI
How many homes are available in Vicksburg, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Summary: The Vicksburg real estate market had 42 homes for sale in April 2024, a 10.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Vicksburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vicksburg, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Vicksburg in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Vicksburg, MI
How long does it take to sell a home in Vicksburg, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 144 Days | 49 Days | -65.7% |
Summary: Homes in Vicksburg had an average of 49 days on market in Apr 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vicksburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Vicksburg; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
