Vandalia currently leans toward sellers, with the market gauge indicating a seller’s market. Inventory has expanded to about 3.3 months of supply, which is much higher than a year ago but still below a true buyer’s market. Typical home values sit around $239,000 in this rolling three-month view, slightly lower than last year.
Prices show a mixed picture when compared with a year earlier. The median list price is up modestly year over year, while the typical sale price is down a bit, suggesting buyers have gained some negotiating power even as sellers aim higher. Homes are spending about 35 days on the market, a little faster than a year ago, and the average sale-to-list ratio is holding near 99 percent, showing that final prices tend to land very close to asking.
Underlying activity has shifted in notable ways over the past year. Active listings are up sharply compared with last year, yet pending sales are down, and the share of homes selling above list price has fallen from well over one-third to about one-sixth. This combination points to more options for buyers and slightly less intense bidding for sellers. In a market like Vandalia’s, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent who understands these trends and can help them navigate each step with confidence.
