Is Vine, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Vine was a Seller's Market.
Key Takeaway
Vine is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Vine, MI
How much do homes in Vine, MI cost?
Median Sold Price
$162,450
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vine have sold for 12% more than they did a year ago.
Summary: The median home sold price in Vine was $162,450 in April 2024, up 12% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $67.4K | $125.7K | +86.4% |
| 3 Bedrooms | $131K | $169.5K | +29.3% |
| 4 Bedrooms | $147K | $166.2K | +13.1% |
| 5+ Bedrooms | $145K | $175K | +20.7% |
Summary: Vine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 86.4%, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Westnedge Hill | $208.5K | $269.5K | +29.3% |
| Vine | $145K | $162.4K | +12.0% |
| Southside | $131.5K | $134K | +1.9% |
| Central Business District | $273K | $220K | -19.4% |
Housing Supply in Vine, MI
How many homes are available in Vine, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Vine real estate market had 13 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vine housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Vine, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Vine in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Vine, MI
How long does it take to sell a home in Vine, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 24 Days | -48.9% |
Summary: Homes in Vine had an average of 24 days on market in Apr 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vine are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Vine; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
