$5,521 Closing Credit*
$464,900
1,881 SqFt
3 Beds
•3 Full Baths
KIM OMER, Listing Office: RE/MAX OF OWOSSO
Is Victor Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Victor Township was a Seller's Market.
Key Takeaway
Victor Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Victor Township, MI
How much do homes in Victor Township, MI cost?
Median Sold Price
$318,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,750(+7.7%)
Key Takeaway
Homes in Victor Township have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Victor Township was $318,500 in October 2024, up 7.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $256K | $306.1K | +19.6% |
| 3 Bedrooms | $285K | $295K | +3.5% |
| 4 Bedrooms | $301.5K | $318.5K | +5.6% |
| 5+ Bedrooms | $856K | $467.5K | -45.4% |
Summary: Victor 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 19.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 45.4%.
Median Sold Price Compared To Nearby Cities
| Ovid Township | $180K | $200.1K | +11.2% |
| Laingsburg | $248K | $275K | +10.9% |
| Victor Township | $295.7K | $318.5K | +7.7% |
| Bath | $310K | $300K | -3.2% |
Housing Supply in Victor Township, MI
How many homes are available in Victor Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Victor Township real estate market had 10 homes for sale in October 2024, a 9.1% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Victor 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 increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Victor Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Victor Township in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Victor Township, MI
How long does it take to sell a home in Victor Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 126 Days | +1300.0% |
Summary: Homes in Victor Township had an average of 126 days on market in Oct 2024, up by 1300% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Victor Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Victor Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.