New - 3 days on Rocket
$1,781 Closing Credit¹
#5050167745, Morgan Beilfuss, Listing Office: The Home Office Realty LLC
Vernon Township Housing Market Report February 2025•Shiawassee County, Michigan
Housing Prices in Vernon Township, MI
How much do homes in Vernon Township, MI cost?
Housing Market Conditions
Is Vernon Township, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Vernon Township is a Neutral Market
Difference Since February 2024
At the same time last year, Vernon Township was a Seller's Market.
Insight
Vernon Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$160,000$124/SqFt
-$19,500
-10.9%
Based on all homes sold in the last 12 months
Insight
Homes in Vernon Township have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Vernon Township was $160,000 in February 2025, down 10.9% from last year, and the median price per square foot was $124.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Gaines Township | $235.9K | $268.9K | +14.0% |
| Durand | $160K | $166K | +3.8% |
| Vernon Township | $179.5K | $160K | -10.9% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $54K | N/A |
| 22 Bedrooms | $128K | $121K | -5.5% |
| 33 Bedrooms | $179.5K | $175K | -2.5% |
| 44 Bedrooms | $250K | $260K | +4.0% |
| 55+ Bedrooms | $294K | $360K | +22.4% |
Summary: Vernon Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -5.5%. The home price for 3 bedroom homes decreased by -2.5%. The home price for 4 bedroom homes increased by +4.0%. The home price for 5 bedroom homes increased by +22.4%.
Housing supply in Vernon Township, MI
How many homes are available in Vernon Township, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthFeb 2025 | ||
| 102 months agoJan 2025 | -40.0 % Change MoMJan – Feb |
Summary: The Vernon Township real estate market had 6 homes for sale in Feb 2025, a 40.0 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1Last MonthFeb 2025 | ||
| 42 months agoJan 2025 | -75.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 1 | -50.0% |
| 33 Bedrooms | 4 | 3 | -25.0% |
| 44 Bedrooms | 4 | 2 | -50.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Vernon Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Vernon Township, MI cost?
Over Asking Price0 Home
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Vernon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Vernon Township in February 2025, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.
Days on Market for Vernon Township, MI
How long does it take to sell a home in Vernon Township, MI?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Vernon Township has remained consistent over time.
Summary: During February 2025, 1 homes were sold in Vernon Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 35 DaysThis YearFeb 2025 | ||
| 43 Days1 year agoFeb 2024 | -19.5 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Vernon Township had an average listing age of 35 days in Feb 2025, down by 19.5% compared to the previous year.
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Newest Listings in Vernon Township, MI
What homes are available in Vernon Township, MI?
$2,018 Closing Credit¹
#60050165369, MARY SUMPTER, Listing Office: Coldwell Banker Professionals Morrice/Owosso
$5,522 Closing Credit¹
#60050157754, Julie Young, Listing Office: RICHARD SELLECK AGENCY
$5,343 Closing Credit¹
#5050154607, Joe Harvey, Listing Office: The Joe Harvey Real Estate Team
#5050097030, Michele K Papatheodore, Listing Office: Keller Williams First
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., for the period 03/01/2023 - 03/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.