Is Vevay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Vevay Township was a Seller's Market.
Key Takeaway
Vevay Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vevay Township, MI
How much do homes in Vevay Township, MI cost?
Median Sold Price
$350,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vevay Township have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Vevay Township was $350,000 in May 2024, up 22.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216.5K | - | N/A |
| 3 Bedrooms | $273.3K | $325K | +18.9% |
| 4 Bedrooms | $324.9K | $422.5K | +30.0% |
| 5+ Bedrooms | $356.7K | $605.5K | +69.7% |
Summary: Vevay 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 did not change, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 69.7%.
Median Sold Price Compared To Nearby Cities
| Vevay Township | $286K | $350K | +22.4% |
| Mason | $225K | $260K | +15.6% |
| Ingham Township | $250K | $283.5K | +13.4% |
| Alaiedon Township | $260K | $275.5K | +6.0% |
Housing Supply in Vevay Township, MI
How many homes are available in Vevay Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Vevay Township real estate market had 11 homes for sale in May 2024, a 22.2% increase 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 | 2 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Vevay 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 increased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Vevay Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Vevay Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Vevay Township, MI
How long does it take to sell a home in Vevay Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 18 Days | +125.0% |
Summary: Homes in Vevay Township had an average of 18 days on market in May 2024, up by 125% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vevay Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Vevay 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.
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.