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Short Sale Listings in Luther, MI 49656

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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 3 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, MI is a peaceful small town surrounded by natural beauty, making it ideal for outdoor enthusiasts. The community is tight-knit with friendly residents and a range of local events that foster a strong livability. It's perfectly positioned for those looking for tranquility while still having access to nearby towns.

Current Market Conditions in Luther, MI

The recent real estate market in Luther, MI has seen a steady rise in property values due to increased demand for rural living as people seek out homes in less populated areas. The appeal of Luther's serene environment has attracted buyers looking for vacation homes and year-round residences alike. Homes in this area tend to sell quickly, often above asking price as buyers compete for limited inventory.

Current trends indicate a growing interest in single-family homes with outdoor space as families and retirees slowly move away from urban centers. With its proximity to numerous state parks and recreational activities, Luther is gaining attention in the real estate market.

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 49656 Short Sale Listings

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