Is Vienna Charter 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, Vienna Charter Township was a Seller's Market.
Housing Prices in Vienna Charter Township, MI
How much do homes in Vienna Charter Township, MI cost?
Median Sold Price
$215,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Vienna Charter Township was $215,000 in February 2024, up 7.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $173.2K | $195.5K | +12.8% |
3 Bedrooms | $184K | $205K | +11.4% |
4 Bedrooms | $240.9K | $237.7K | -1.3% |
5+ Bedrooms | $419K | $332K | -20.8% |
Summary: Vienna Charter 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 increased by 12.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Cities
Clio | $165K | $190K | +15.2% |
Mount Morris Township | $114.5K | $129.9K | +13.5% |
Vienna Charter Township | $199.4K | $215K | +7.8% |
Thetford Township | $181.5K | $187.5K | +3.3% |
Birch Run Township | $229.7K | $207K | -9.9% |
Housing Supply in Vienna Charter Township, MI
How many homes are available in Vienna Charter Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Summary: The Vienna Charter Township real estate market had 47 homes for sale in February 2024, a 11.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Vienna Charter 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 increased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Vienna Charter Township in February 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Vienna Charter Township, MI
How long does it take to sell a home in Vienna Charter Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
65 Days | 45 Days | -31.1% |
Summary: Homes in Vienna Charter Township had an average of 45 days on market in Feb 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Vienna Charter Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.