Grand Marais, MI Foreclosures
How much do homes sell for in Grand Marais, MI?
The average home price is currently $260,965.
In Grand Marais, MI, how many homes are available?
There are currently 2 active home listings available in Grand Marais.
What’s the average rental cost in Grand Marais, MI?
The average rental price in Grand Marais is $1,226.
What is the most expensive home in Grand Marais?
The most expensive home sold in Grand Marais had a price of $1,086,993.
What is currently the cheapest priced home in Grand Marais, MI?
The cheapest home for sale in Grand Marais is priced at $55,711.
Living in Grand Marais, MI
Grand Marais, MI, is a serene lakeside community known for its breathtaking natural scenery and outdoor recreational activities. With a welcoming atmosphere, it offers a variety of local amenities and parks ideal for family and leisure time. Whether it's summer lakeside fun or winter sports, there is something for everyone.
Current Market Conditions in Grand Marais, MI
The real estate market in Grand Marais has experienced a steady increase in demand, especially in recent months. The picturesque surroundings and appeal to vacationers have made the area attractive for second homes and investment properties, leading to competitive pricing for clean, well-maintained homes.
As more people look to escape urban living, Grand Marais offers them the chance to immerse themselves in nature while enjoying a relaxed lifestyle. This trend is expected to continue, supported by the growth of remote work, allowing more individuals to relocate to beautiful, rural areas.
Home Value Estimator For Grand Marais, MI
There are currently 226 real estate properties
in Grand Marais, MI,
with a median automated valuation model (AVM) price
of $201,347.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Grand Marais, 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 Grand Marais, MI,
is $260,965.00, with the most expensive house
in Grand Marais, MI, topping out
at $1,086,993.00 and the cheapest home
in Grand Marais, MI,
clocking in at $55,711.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Grand Marais, MI!
Rent Prices
In Grand Marais, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Grand Marais, MI, is on
a rollercoaster ride. The
average rent price in Grand Marais, MI,
is $1,226.00. Indeed, when looking to rent in
Grand Marais, MI, you can expect to pay as little
as $740.00 or as much
as $1,920.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Grand Marais, 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.
Learn more on Foreclosure homes
