$149,900
37.54 Acres
Land
Hannah Techel, Listing Office: The TEAM Real Estate Group
Is Vanderbilt, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Vanderbilt was a Neutral 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
$192,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+5.8%)
Key Takeaway
Homes in Vanderbilt have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Vanderbilt was $192,500 in October 2024, up 5.8% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.2K | $132K | -28.4% |
| 2 Bedrooms | $148K | $174.7K | +18.1% |
| 3 Bedrooms | $195K | $213.5K | +9.5% |
| 4 Bedrooms | $324K | $332.2K | +2.5% |
| 5+ Bedrooms | $172.5K | - | N/A |
Summary: Vanderbilt housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.
Housing Supply in Vanderbilt, MI
How many homes are available in Vanderbilt, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Vanderbilt real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vanderbilt housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Vanderbilt in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% 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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