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 March 2023
Since last year, Vienna Charter Township has remained a Seller's Market.
Key Takeaway
Vienna Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vienna Charter Township, MI
How much do homes in Vienna Charter Township, MI cost?
Median Sold Price
$215,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Vienna Charter Township have sold for 8% more than they did a year ago.
Summary: The median home sold price in Vienna Charter Township was $215,000 in March 2024, up 8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $186.4K | $211.9K | +13.7% |
| 3 Bedrooms | $187.5K | $203K | +8.3% |
| 4 Bedrooms | $228.7K | $250.5K | +9.5% |
| 5+ Bedrooms | $309.4K | $332K | +7.3% |
Summary: Vienna Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Mount Morris Township | $115K | $127.5K | +10.9% |
| Vienna Charter Township | $199K | $215K | +8.0% |
| Clio | $176K | $190K | +8.0% |
| Thetford Township | $185K | $182.5K | -1.4% |
| 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The Vienna Charter Township real estate market had 49 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Vienna Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vienna Charter Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Vienna Charter Township in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 119 Days | 43 Days | -63.1% |
Summary: Homes in Vienna Charter Township had an average of 43 days on market in Mar 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vienna Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Vienna Charter Township; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
