Is Vienna Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vienna Charter Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Vienna Charter Township has remained a Seller's Market.

Key Takeaway

Vienna Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vienna Charter Township, MI

How much do homes in Vienna Charter Township, MI cost?

Median Sold Price

$225,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+7.1%)

Key Takeaway

Homes in Vienna Charter Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Vienna Charter Township was $225,000 in October 2024, up 7.1% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $204.5K$224.5K
+9.8%
3 $200K$213K
+6.5%
4 $225K$254.9K
+13.3%
5+ $312K$415K
+33.0%

Summary: Vienna Charter 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 9.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 33%.

Median Sold Price Compared To Nearby Cities

Clio
+7.3%
Vienna Charter Township
+7.1%
Thetford Township
+6.7%
Mount Morris Township
-1.2%
Birch Run Township
-2.0%

Housing Supply in Vienna Charter Township, MI

How many homes are available in Vienna Charter Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6066+10.0%

Summary: The Vienna Charter Township real estate market had 66 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1513
-13.3%
3 2938
+31.0%
4 1410
-28.6%
5+ 25
+150.0%

Summary: The Vienna Charter 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 decreased by 13.3%, 3 bedroom homes increased by 31%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vienna Charter Township, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Vienna Charter Township in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 29% were sold at asking, and 47% 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

Oct 2023Oct 2024CHANGE
35 Days24 Days-31.5%

Summary: Homes in Vienna Charter Township had an average of 24 days on market in Oct 2024, down by 31.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vienna Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in Vienna Charter Township; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Vienna Charter Township, MI

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