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 May 2023
Since last year, Vienna Charter Township has remained a Seller's Market.
Housing Prices in Vienna Charter Township, MI
How much do homes in Vienna Charter Township, MI cost?
Median Sold Price
$218,250
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Vienna Charter Township was $218,250 in May 2024, up 8.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $211.5K | +8.5% |
3 Bedrooms | $189.4K | $205K | +8.2% |
4 Bedrooms | $239.4K | $254.9K | +6.5% |
5+ Bedrooms | $207.4K | $409K | +97.2% |
Summary: Vienna Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 97.2%.
Median Sold Price Compared To Nearby Cities
Mount Morris Township | $115K | $130K | +13.0% |
Vienna Charter Township | $201.9K | $218.2K | +8.1% |
Clio | $189.9K | $192.5K | +1.4% |
Thetford Township | $185K | $185K | 0.0% |
Birch Run Township | $218K | $211K | -3.2% |
Housing Supply in Vienna Charter Township, MI
How many homes are available in Vienna Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 49 | -12.5% |
Summary: The Vienna Charter Township real estate market had 49 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 13 | 6 | -53.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Vienna Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 53.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Vienna Charter Township in May 2024, down by 25.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 34 Days | +38.3% |
Summary: Homes in Vienna Charter Township had an average of 34 days on market in May 2024, up by 38.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Vienna Charter Township; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.