Is Vassar, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Vassar has remained a Seller's Market.
Key Takeaway
Vassar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vassar, MI
How much do homes in Vassar, MI cost?
Median Sold Price
$165,000
$117/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Vassar has remained the same since last year.
Summary: The median home sold price in Vassar was $165,000 in April 2024, the same as last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $106.4K | -11.3% |
| 3 Bedrooms | $169K | $167K | -1.2% |
| 4 Bedrooms | $173K | $167.5K | -3.2% |
| 5+ Bedrooms | $145K | $200K | +37.9% |
Summary: Vassar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Cities
| Tuscola Township | $179.2K | $249K | +38.9% |
| Vassar | $165K | $165K | 0.0% |
| Vassar Township | $171.5K | $165K | -3.8% |
Housing Supply in Vassar, MI
How many homes are available in Vassar, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The Vassar real estate market had 31 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Vassar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 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 Vassar, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Vassar in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Vassar, MI
How long does it take to sell a home in Vassar, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 126 Days | 83 Days | -33.6% |
Summary: Homes in Vassar had an average of 83 days on market in Apr 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vassar are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Vassar; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.