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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Victor Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Victor Township has remained a Seller's Market.

Key Takeaway

Victor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Victor Township, MI

How much do homes in Victor Township, MI cost?

Median Sold Price

$321,750

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$36,750(+12.9%)

Key Takeaway

Homes in Victor Township have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Victor Township was $321,750 in September 2024, up 12.9% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $256K$306.1K
+19.6%
3 $280K$295K
+5.4%
4 $328.1K$318.5K
-2.9%
5+ $662.5K$525K
-20.8%

Summary: Victor Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Cities

Ovid Township
+21.3%
Victor Township
+12.9%
Laingsburg
+10.7%
Bath
-3.2%

Housing Supply in Victor Township, MI

How many homes are available in Victor Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
910+11.1%

Summary: The Victor Township real estate market had 10 homes for sale in September 2024, a 11.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 46
+50.0%
5+ 00
0.0%

Summary: The Victor Township 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Victor Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Victor Township in September 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Victor Township, MI

How long does it take to sell a home in Victor Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days11 Days-61.9%

Summary: Homes in Victor Township had an average of 11 days on market in Sep 2024, down by 61.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Victor Township; 67% of homes were sold within 30 days, 33% 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

Newest Listings in Victor Township, MI

Nearby Markets to Victor Township, MI

What housing markets are near Victor Township, MI?