Is Vanderbilt, 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, Vanderbilt was a Neutral Market.
Housing Prices in Vanderbilt, MI
How much do homes in Vanderbilt, MI cost?
Median Sold Price
$192,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Vanderbilt was $192,500 in May 2024, up 2.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.2K | $118.5K | -58.9% |
2 Bedrooms | $173K | $169.8K | -1.8% |
3 Bedrooms | $196.5K | $239.5K | +21.9% |
4 Bedrooms | $174K | $320K | +83.9% |
5+ Bedrooms | $496K | $172.5K | -65.2% |
Summary: Vanderbilt housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 83.9%, and 5+ bedroom homes decreased by 65.2%.
Median Sold Price Compared To Nearby Cities
Vanderbilt | $188K | $192.5K | +2.4% |
Corwith Township | $182K | $183.7K | +1.0% |
Housing Supply in Vanderbilt, MI
How many homes are available in Vanderbilt, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Summary: The Vanderbilt real estate market had 7 homes for sale in May 2024, a 22.2% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vanderbilt 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 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Vanderbilt in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Vanderbilt, MI
We’re sorry, we don't have information for this market at the moment