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Foreclosure Homes in Cedar, MI

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Cedar, MI Foreclosures

Current Market Conditions in in Cedar, MI As of April 2026?
Over the past month, Cedar has seen a moderate rise in home prices, increasing by approximately 2% due to heightened interest from out-of-state buyers seeking a peaceful retreat. The average time on the market for homes is slightly shorter than last month, indicating a robust buyer interest. Consequently, sellers are becoming more confident in pricing their homes competitively.
How much do homes sell for in Cedar, MI?
The average home price is currently $560,642.
In Cedar, MI, how many homes are available?
There are currently 1 active home listings available in Cedar.
What’s the average rental cost in Cedar, MI?
The average rental price in Cedar is $1,424.
What is the most expensive home in Cedar?
The most expensive home sold in Cedar had a price of $3,270,427.
What is currently the cheapest priced home in Cedar, MI?
The cheapest home for sale in Cedar is priced at $22,650.

Living in Cedar, MI

Cedar, MI is a peaceful village nestled in the heart of Leelanau County, surrounded by beautiful nature and scenic landscapes. The area offers a rich agricultural background with cherry orchards and wineries, alongside numerous outdoor activities. Cedar provides a welcoming community atmosphere that is perfect for families and individuals looking to enjoy a quieter lifestyle.

Buyer vs Seller Market in Cedar, MI

The real estate market in Cedar, MI is currently experiencing a steady increase in demand, largely driven by the area's appeal for those looking for vacation homes or year-round residences in a more tranquil environment. Homes often feature traditional designs with plenty of land, lending to the rural charm that attracts buyers.

New listings are appearing on the market, though the inventory remains relatively limited. Many homes see multiple offers due to the competitive nature of the market, particularly during the peak seasons when visitors flock to the area.

Home Value Estimator For Cedar, MI

There are currently 1,974 real estate properties in Cedar, MI, with a median automated valuation model (AVM) price of $458,011.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cedar, 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 Cedar, MI, is $560,642.00, with the most expensive house in Cedar, MI, topping out at $3,270,427.00 and the cheapest home in Cedar, MI, clocking in at $22,650.00. In other words, there’s something for every potential homebuyer or savvy investor in Cedar, MI!

Rent Prices In Cedar, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cedar, MI, is on a rollercoaster ride. The average rent price in Cedar, MI, is $1,424.00. Indeed, when looking to rent in Cedar, MI, you can expect to pay as little as $900.00 or as much as $2,540.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Cedar, 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.

Cedar, MI Foreclosures


Market Trend for Cedar, MI

Total Listings Available: 1

Market Values:

Home Prices from $22,650 to $3,270,427

Average Sales Price: $560,642

Rental Values:

Rental from $900 to $2,540

Average Rent Value: $1,424 / month

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