Is Vanderbilt, MI 49795 a buyer’s or seller’s market?
Vanderbilt is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Vanderbilt housing market right now
In the three months ending August 31, 2026, 10% of homes in Vanderbilt, MI 49795 sold above their list price, the typical home went under contract in 57 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold about as fast and the median sale price rose 22% to $244,894. Overall, Vanderbilt is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Johannesburg 49751 (0% sold over asking), while Gaylord 49735 (22% sold over asking) is even more competitive.
Run the numbers for 49795
Nearby markets
Gaylord 49735Balanced $145 /sq ftJohannesburg 49751Buyer’s market $162 /sq ft Browse all markets →Towns like Vanderbilt nearby
Find towns like Vanderbilt in other states →Where Vanderbilt is
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Questions about Vanderbilt real estate
Is Vanderbilt a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Vanderbilt, MI 49795 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Vanderbilt?
The typical home went under contract in 57 days in the latest three months.
Do homes in Vanderbilt sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Vanderbilt?
About 0.80% of a home’s value a year in Otsego County, or roughly $3,200 on a $400,000 home.
What is the median home price in Vanderbilt?
The median sale price was $244,894 in the three months ending August 31, 2026, about $163 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology