Vernon, MI Foreclosures
Current Market Conditions in in Vernon, MI As of February 2026?
Over the past month, the Vernon real estate market has seen a slight increase in activity, with several homes receiving multiple offers due to their desirable locations and features. New listings have also been entering the market at a steady pace, providing buyers with more options. While prices remain stable, there is a noticeable uptick in buyer interest, leading to quicker sales timelines and occasional bidding wars, especially for well-priced homes. As summer approaches, the market is expected to remain competitive, with inventory levels gradually balancing out.
How much do homes sell for in Vernon, MI?
The average home price is currently $162,389.
What’s the average rental cost in Vernon, MI?
The average rental price in Vernon is $1,273.
What is the most expensive home in Vernon?
The most expensive home sold in Vernon had a price of $473,456.
What is currently the cheapest priced home in Vernon, MI?
The cheapest home for sale in Vernon is priced at $25,963.
Living in Vernon, MI
Vernon, MI is a charming village nestled in a rural setting, perfect for those looking to escape the hustle and bustle of city life. With its friendly community, beautiful parks, and outdoor recreation opportunities, it offers a fantastic lifestyle for families and retirees alike. Local amenities are easily accessible, providing everything residents need right at their fingertips.
Buyer vs Seller Market in Vernon, MI
Vernon is currently experiencing a stable real estate market, with moderate demand for housing. The blend of affordable homes and picturesque surroundings attracts various buyers, particularly families looking for community and serenity. Prices have been steadily increasing, yet remain affordable compared to urban counterparts, allowing first-time buyers to enter the market more easily.
The historical appeal and rural setting of Vernon contribute to a healthy real estate environment, where homes tend to sell within a reasonable timeframe. Seasonal fluctuations influence the market, causing a slight uptick in sales during the warmer months as people prioritize relocation before the school year.
Home Value Estimator For Vernon, MI
There are currently 322 real estate properties
in Vernon, MI,
with a median automated valuation model (AVM) price
of $161,899.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Vernon, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Vernon, MI,
is $162,389.00, with the most expensive house
in Vernon, MI, topping out
at $473,456.00 and the cheapest home
in Vernon, MI,
clocking in at $25,963.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vernon, MI!
Rent Prices
In Vernon, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vernon, MI, is on
a rollercoaster ride. The
average rent price in Vernon, MI,
is $1,273.00. Indeed, when looking to rent in
Vernon, MI, you can expect to pay as little
as $990.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Vernon, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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