Is Victor Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Victor Township has remained a Seller's Market.
Housing Prices in Victor Township, MI
How much do homes in Victor Township, MI cost?
Median Sold Price
$322,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Victor Township was $322,500 in April 2024, up 19.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200.9K | $237.4K | +18.2% |
3 Bedrooms | $259.8K | $348K | +33.9% |
4 Bedrooms | $358.6K | $318.5K | -11.2% |
5+ Bedrooms | $662.5K | $690.5K | +4.2% |
Summary: Victor Township 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 18.2%, 3 bedroom homes increased by 33.9%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Ovid Township | $146K | $189K | +29.5% |
Victor Township | $270K | $322.5K | +19.4% |
Laingsburg | $257.3K | $250K | -2.9% |
Housing Supply in Victor Township, MI
How many homes are available in Victor Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Summary: The Victor Township real estate market had 10 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 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Victor Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Victor Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
99 Days | 6 Days | -93.1% |
Summary: Homes in Victor Township had an average of 6 days on market in Apr 2024, down by 93.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Victor Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.