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Foreclosure Homes in Bessemer, MI

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Bessemer, MI Foreclosures

Current Market Conditions in in Bessemer, MI As of February 2026?
Over the past month, home prices in Bessemer have seen a slight uptick, attributed to increased interest from buyers looking for secondary homes and retirement properties. The number of new listings has not kept pace with the demand, leading to quicker sales and sometimes bidding wars, particularly for homes located near outdoor amenities and popular trails.
How much do homes sell for in Bessemer, MI?
The average home price is currently $138,204.
In Bessemer, MI, how many homes are available?
There are currently 1 active home listings available in Bessemer.
What’s the average rental cost in Bessemer, MI?
The average rental price in Bessemer is $1,279.
What is the most expensive home in Bessemer?
The most expensive home sold in Bessemer had a price of $1,114,302.
What is currently the cheapest priced home in Bessemer, MI?
The cheapest home for sale in Bessemer is priced at $10,293.

Living in Bessemer, MI

Bessemer, MI is a charming small town in the Upper Peninsula, known for its beautiful landscapes and strong sense of community. Here, residents enjoy a plethora of outdoor activities, as well as a tight-knit atmosphere filled with local businesses and family-friendly establishments. It's an appealing location for anyone seeking a peaceful lifestyle amidst nature.

Buyer vs Seller Market in Bessemer, MI

Bessemer's real estate market has been steadily improving, with a notable increase in demand for homes in the area. The combination of affordability and the town's natural charm has attracted more buyers looking for vacation homes or year-round residences that offer a retreat from urban life.

In recent months, the inventory of homes has started to decline, resulting in competitive bidding on well-priced listings. This trend indicates a strengthening market, ideal for sellers looking to capitalize on their investments.

Home Value Estimator For Bessemer, MI

There are currently 1,350 real estate properties in Bessemer, MI, with a median automated valuation model (AVM) price of $102,780.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bessemer, 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 Bessemer, MI, is $138,204.00, with the most expensive house in Bessemer, MI, topping out at $1,114,302.00 and the cheapest home in Bessemer, MI, clocking in at $10,293.00. In other words, there’s something for every potential homebuyer or savvy investor in Bessemer, MI!

Rent Prices In Bessemer, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bessemer, MI, is on a rollercoaster ride. The average rent price in Bessemer, MI, is $1,279.00. Indeed, when looking to rent in Bessemer, MI, you can expect to pay as little as $730.00 or as much as $2,180.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Bessemer, 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.

Bessemer, MI Foreclosures


Market Trend for Bessemer, MI

Total Listings Available: 1

Market Values:

Home Prices from $10,293 to $1,114,302

Average Sales Price: $138,204

Rental Values:

Rental from $730 to $2,180

Average Rent Value: $1,279 / month

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