$3,194 Closing Credit*
$269,000
1,061 SqFt
2 Beds
•1 Full Bath
Mark Mleczewski, Listing Office: Pure Michigan Property
Is Vanderbilt, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Vanderbilt has remained a Seller's Market.
Key Takeaway
Vanderbilt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vanderbilt, MI
How much do homes in Vanderbilt, MI cost?
Median Sold Price
$182,375
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,125(-12.9%)
Key Takeaway
Homes in Vanderbilt have sold for 12.9% less than they did a year ago.
Summary: The median home sold price in Vanderbilt was $182,375 in November 2024, down 12.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.2K | $141K | -23.5% |
| 2 Bedrooms | $156.4K | $174.7K | +11.7% |
| 3 Bedrooms | $229K | $190K | -17.0% |
| 4 Bedrooms | $324K | $332.2K | +2.5% |
| 5+ Bedrooms | $348.7K | - | N/A |
Summary: Vanderbilt housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Corwith Township | $202.2K | $182.3K | -9.8% |
| Vanderbilt | $209.5K | $182.3K | -12.9% |
Housing Supply in Vanderbilt, MI
How many homes are available in Vanderbilt, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Vanderbilt real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vanderbilt housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vanderbilt, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Vanderbilt in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Vanderbilt, MI
We’re sorry, we don't have information for this market at the moment
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