$179,900
1.37 Acres
Land
David M VanderWoude, Listing Office: Five Star Real Estate (Grandv)
Is Vergennes Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Vergennes Township was a Neutral 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
$542,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,000(+21.2%)
Key Takeaway
Homes in Vergennes Township have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in Vergennes Township was $542,500 in November 2024, up 21.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $547.4K | +36.9% |
| 3 Bedrooms | $330K | $430K | +30.3% |
| 4 Bedrooms | $500K | $565.2K | +13.1% |
| 5+ Bedrooms | $519K | $595K | +14.6% |
Summary: Vergennes Township housing prices by bedroom type for November 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 30.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $447.5K | $542.5K | +21.2% |
| Ada | $576.7K | $675K | +17.0% |
| Lowell | $368K | $399.9K | +8.7% |
| Lowell Charter Township | $368K | $400K | +8.7% |
Housing Supply in Vergennes Township, MI
How many homes are available in Vergennes Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Vergennes Township real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Vergennes Township housing inventory by bedroom type for November 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 50%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vergennes Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Vergennes Township in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 15 Days | -81.2% |
Summary: Homes in Vergennes Township had an average of 15 days on market in Nov 2024, down by 81.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vergennes Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Vergennes Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
