Is Vestaburg, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vestaburg is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Vestaburg was a Seller's Market.

Key Takeaway

Vestaburg 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 Vestaburg, MI

How much do homes in Vestaburg, MI cost?

Median Sold Price

$305,000

$160/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$106,500(+53.7%)

Key Takeaway

Homes in Vestaburg have sold for 53.7% more than they did a month ago.

Summary: The median home sold price in Vestaburg was $305,000 in September 2024, up 53.7% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $153.7K-
N/A
3 $258.7K$305K
+17.9%
4 --
N/A
5+ $217K-
N/A

Summary: Vestaburg housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Vestaburg
+53.7%
Ferris Township
+10.6%

Housing Supply in Vestaburg, MI

How many homes are available in Vestaburg, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1819+5.6%

Summary: The Vestaburg real estate market had 19 homes for sale in September 2024, a 5.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1314
+7.7%
4 11
0.0%
5+ 10
-100.0%

Summary: The Vestaburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vestaburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Vestaburg in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Vestaburg, MI

How long does it take to sell a home in Vestaburg, MI?

Average Sale Time

Aug 2024Sep 2024CHANGE
52 Days86 Days+63.8%

Summary: Homes in Vestaburg had an average of 86 days on market in Sep 2024, up by 63.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Vestaburg are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 3 homes were sold in Vestaburg; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Vestaburg, MI

Nearby Markets to Vestaburg, MI