$4,691 Closing Credit*
$395,000
1,882 SqFt
4 Beds
•2 Full Baths, 1 Partial
Amanda Rogers, Listing Office: Rogers Neighborhood Realty
Is Vergennes 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, Vergennes Township has remained a Seller's Market.
Key Takeaway
Vergennes Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vergennes Township, MI
How much do homes in Vergennes Township, MI cost?
Median Sold Price
$525,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,000(+19.0%)
Key Takeaway
Homes in Vergennes Township have sold for 19% more than they did a year ago.
Summary: The median home sold price in Vergennes Township was $525,000 in October 2024, up 19% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399.9K | $547.4K | +36.9% |
| 3 Bedrooms | $355K | $405.5K | +14.2% |
| 4 Bedrooms | $500K | $560K | +12.0% |
| 5+ Bedrooms | $590K | $575K | -2.5% |
Summary: Vergennes 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 36.9%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $441K | $525K | +19.0% |
| Ada | $587.2K | $650K | +10.7% |
| Lowell | $365K | $389.9K | +6.8% |
| Lowell Charter Township | $368K | $390K | +6.0% |
Housing Supply in Vergennes Township, MI
How many homes are available in Vergennes Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Summary: The Vergennes Township real estate market had 16 homes for sale in October 2024, a 77.8% increase 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 | 4 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Vergennes 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vergennes Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Vergennes Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Vergennes Township, MI
How long does it take to sell a home in Vergennes Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 52 Days | +306.3% |
Summary: Homes in Vergennes Township had an average of 52 days on market in Oct 2024, up by 306.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vergennes Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Vergennes Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
