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Short Sale Listings in Luther, MI

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Luther, MI Foreclosures

How much do homes sell for in Luther, MI?
The average home price is currently $172,419.
In Luther, MI, how many homes are available?
There are currently 4 active home listings available in Luther.
What’s the average rental cost in Luther, MI?
The average rental price in Luther is $1,238.
What is the most expensive home in Luther?
The most expensive home sold in Luther had a price of $1,022,778.
What is currently the cheapest priced home in Luther, MI?
The cheapest home for sale in Luther is priced at $18,501.

Living in Luther, MI

Luther is a quaint village located in Lake County, surrounded by beautiful natural landscapes, including the scenic Manistee National Forest. It provides a peaceful, rural lifestyle, perfect for those seeking a retreat from the hustle and bustle of city life. With an array of outdoor recreational activities available, Luther is ideal for nature enthusiasts and families alike.

Current Market Conditions in Luther, MI

The real estate market in Luther has been steady, with a good demand for family homes and vacation properties. The area's natural beauty and outdoor activities appeal to buyers looking for a peaceful retreat. The market has seen a slight increase in home prices as more individuals seek to move to rural areas post-pandemic.

There is a mix of both older homes and newly constructed houses in the Luther area. As remote working continues to rise, more potential homeowners might look at Luther for its affordability compared to surrounding larger towns.

Home Value Estimator For Luther, MI

There are currently 1,536 real estate properties in Luther, MI, with a median automated valuation model (AVM) price of $144,860.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Luther, 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 Luther, MI, is $172,419.00, with the most expensive house in Luther, MI, topping out at $1,022,778.00 and the cheapest home in Luther, MI, clocking in at $18,501.00. In other words, there’s something for every potential homebuyer or savvy investor in Luther, MI!

Rent Prices In Luther, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Luther, MI, is on a rollercoaster ride. The average rent price in Luther, MI, is $1,238.00. Indeed, when looking to rent in Luther, MI, you can expect to pay as little as $630.00 or as much as $2,240.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Luther, 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.

Luther, MI Short Sale Listings

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