Is Victory 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, Victory Township was a Seller's Market.
Key Takeaway
Victory Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Victory Township, MI
How much do homes in Victory Township, MI cost?
Median Sold Price
$210,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Victory Township have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Victory Township was $210,000 in May 2024, down 5.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.5K | $161.5K | +59.1% |
| 2 Bedrooms | - | $124.6K | N/A |
| 3 Bedrooms | $263.7K | $255K | -3.3% |
| 4 Bedrooms | $220K | - | N/A |
| 5+ Bedrooms | $70K | $489K | +598.6% |
Summary: Victory Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 598.6%.
Median Sold Price Compared To Nearby Cities
| Free Soil Township | $195K | $311.2K | +59.6% |
| Grant Township | $214K | $246K | +15.0% |
| Amber Township | $290.5K | $307.5K | +5.9% |
| Victory Township | $222.5K | $210K | -5.6% |
Housing Supply in Victory Township, MI
How many homes are available in Victory Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Victory Township real estate market had 6 homes for sale in May 2024, a 50.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Victory 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Victory Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Victory Township in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Victory Township, MI
How long does it take to sell a home in Victory Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 130 Days | 87 Days | -33.3% |
Summary: Homes in Victory Township had an average of 87 days on market in May 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Victory Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Victory Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
