Is Victor Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Victor Township has remained a Seller's Market.
Housing Prices in Victor Township, MI
How much do homes in Victor Township, MI cost?
Median Sold Price
$319,250
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Victor Township was $319,250 in May 2024, up 20.5% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225.9K | $237.4K | +5.1% |
3 Bedrooms | $259.8K | $334K | +28.5% |
4 Bedrooms | $358.6K | $310K | -13.6% |
5+ Bedrooms | $662.5K | $690.5K | +4.2% |
Summary: Victor Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 28.5%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Ovid Township | $160K | $195K | +21.9% |
Victor Township | $265K | $319.2K | +20.5% |
Bath | $270K | $285K | +5.6% |
Laingsburg | $250K | $246K | -1.6% |
Housing Supply in Victor Township, MI
How many homes are available in Victor Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Summary: The Victor Township real estate market had 8 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Victor Township housing inventory by bedroom type for May 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 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Victor Township in May 2024, down by 66.7% month-over-month. Of the 2 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
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 6 Days | +62.5% |
Summary: Homes in Victor Township had an average of 6 days on market in May 2024, up by 62.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Victor Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.