$1,305 Closing Credit*
$109,900
1,100 SqFt
2 Beds
•1 Full Bath, 1 Partial
Theresa Zdunic, Listing Office: Crowe Real Estate LLC
Is Venice Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Venice Township has remained a Seller's Market.
Key Takeaway
Venice Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Venice Township, MI
How much do homes in Venice Township, MI cost?
Median Sold Price
$178,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,000(+43.5%)
Key Takeaway
Homes in Venice Township have sold for 43.5% more than they did a year ago.
Summary: The median home sold price in Venice Township was $178,000 in October 2024, up 43.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $48.5K | $170K | +250.5% |
| 3 Bedrooms | $175.4K | $177.7K | +1.3% |
| 4 Bedrooms | $124K | $185K | +49.2% |
| 5+ Bedrooms | $157.5K | - | N/A |
Summary: Venice Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 250.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Venice Township | $124K | $178K | +43.5% |
| Lennon | $140K | $198K | +41.4% |
| Gaines Township | $239.9K | $254K | +5.9% |
| Clayton Charter Township | $234.5K | $238.5K | +1.7% |
| Vernon Township | $179.5K | $160K | -10.9% |
Housing Supply in Venice Township, MI
How many homes are available in Venice Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The Venice Township real estate market had 3 homes for sale in October 2024, a 50.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Venice Township housing inventory by bedroom type for October 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 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Venice Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Venice Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Venice Township, MI
How long does it take to sell a home in Venice Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 49 Days | +88.5% |
Summary: Homes in Venice Township had an average of 49 days on market in Oct 2024, up by 88.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Venice Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Venice Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
