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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vienna Charter Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Vienna Charter Township was a Seller's Market.

Key Takeaway

Vienna Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$15,550(+7.8%)

Key Takeaway

Homes in Vienna Charter Township have sold for 7.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $173.2K$195.5K
+12.8%
3 $184K$205K
+11.4%
4 $240.9K$237.7K
-1.3%
5+ $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
+15.2%
Mount Morris Township
+13.5%
Vienna Charter Township
+7.8%
Thetford Township
+3.3%
Birch Run Township
-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 2024Feb 2024CHANGE
4247+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1620
+25.0%
3 1620
+25.0%
4 63
-50.0%
5+ 44
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 2024Feb 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vienna Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
65 Days45 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Vienna Charter Township, MI

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