Is Vicksburg, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vicksburg is a seller's market

Buyer's
Market

Difference Since September 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

$275,000

$172/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since September 2023.

Key Takeaway

The sold price of homes in Vicksburg has remained the same since last year.

Summary: The median home sold price in Vicksburg was $275,000 in September 2024, the same as last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $61.8K$80K
+29.3%
2 $155K$188.4K
+21.6%
3 $269.9K$269.9K
0.0%
4 $299.9K$300K
0.0%
5+ $306K$360K
+17.6%

Summary: Vicksburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

Schoolcraft Township
+7.4%
Vicksburg
0.0%
Brady Township
-13.0%

Housing Supply in Vicksburg, MI

How many homes are available in Vicksburg, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3433-2.9%

Summary: The Vicksburg real estate market had 33 homes for sale in September 2024, a 2.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 2215
-31.8%
4 68
+33.3%
5+ 14
+300.0%

Summary: The Vicksburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 31.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vicksburg, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Vicksburg in September 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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

Sep 2023Sep 2024CHANGE
14 Days18 Days+34.3%

Summary: Homes in Vicksburg had an average of 18 days on market in Sep 2024, up by 34.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 10 homes were sold in Vicksburg; 70% of homes were sold within 30 days, 30% 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 30 Days Ago

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