Vernon, MI Home Values & Market Trends
Real estate market trends reflect that there have been 20 transactions over the past year in Vernon. The median value for residential home transactions that occurred over the previous year is $149,901. The number of current listings in Vernon is 1, and the percentage of properties for sale in the city is 1.00%. Vernon, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 1 properties for sale.
Vernon, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48476 | $ 149,000 $ 88/sqft |
Housing Market Summary for Vernon, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $59,900 | $160.3K | 167.67% |
Median Sold Price | $140.5K | $160.3K | 14.11% |
Homes For Sale | 1 | 1 | - |
Homes Sold | 13 | 11 | -15.38% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Vernon, MI
Browse Homes in Vernon, MI
Vernon home values range from $23,393 to $365,918. The median estimated value of a home in Vernon is $149,901. The median list price of a home is 149,000, and the total count of properties in the city is 328.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Vernon, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Vernon, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Vernon, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Vernon, MI. There is 1 zips within Vernon, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48476 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Vernon, MI. Auction homes and other auction properties account for 0.30% of all properties in Vernon, MI. There is 1 zips within Vernon, MI; of that zips, the median estimated home value for homes going to auction ranges from $135,173 in 48476 to the lowest value of $135,173 in 48476.
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More Real Estate Resources for Vernon, MI
Guide for Vernon, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.