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 April 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
$219,950
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vienna Charter Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Vienna Charter Township was $219,950 in April 2024, up 10.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189.5K | $216.5K | +14.2% |
| 3 Bedrooms | $187.5K | $205K | +9.3% |
| 4 Bedrooms | $228.7K | $254.9K | +11.5% |
| 5+ Bedrooms | $309.4K | $341K | +10.2% |
Summary: Vienna Charter 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 14.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Mount Morris Township | $115K | $127.5K | +10.9% |
| Vienna Charter Township | $199K | $219.9K | +10.5% |
| Clio | $185K | $196K | +5.9% |
| Thetford Township | $189.9K | $180K | -5.2% |
| Birch Run Township | $218.4K | $205K | -6.2% |
Housing Supply in Vienna Charter Township, MI
How many homes are available in Vienna Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 56 | +7.7% |
Summary: The Vienna Charter Township real estate market had 56 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Vienna Charter 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 decreased by 14.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vienna Charter Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Vienna Charter Township in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 93 Days | 43 Days | -53.1% |
Summary: Homes in Vienna Charter Township had an average of 43 days on market in Apr 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were 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 April 2024, 15 homes were sold in Vienna Charter Township; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
