Addison, MI Foreclosures
How much do homes sell for in Addison, MI?
The average home price is currently $295,035.
In Addison, MI, how many homes are available?
There are currently 6 active home listings available in Addison.
What’s the average rental cost in Addison, MI?
The average rental price in Addison is $1,057.
What is the most expensive home in Addison?
The most expensive home sold in Addison had a price of $2,187,379.
What is currently the cheapest priced home in Addison, MI?
The cheapest home for sale in Addison is priced at $11,176.
Living in Addison, MI
Addison, MI is a quaint village known for its friendly community and scenic beauty. With a variety of local amenities and outdoor activities, it provides an ideal setting for families. The village also offers convenient access to larger urban areas while retaining its charming small-town essence.
Current Market Conditions in Addison, MI
The real estate market in Addison, MI is showing signs of stability, with a balanced supply of homes for sale. Buyers are finding opportunities in a range of property types, from charming historic homes to newer constructions, catering to different tastes and budgets. The area continues to attract families seeking a peaceful setting without losing access to urban amenities.
As of late 2023, there is a steady demand for homes in Addison, with some increase in home prices of about 5% year-over-year, reflecting growing interest in the region. This trend suggests a healthier market, as more people recognize the value of rural living combined with supportive community resources.
Home Value Estimator For Addison, MI
There are currently 1,326 real estate properties
in Addison, MI,
with a median automated valuation model (AVM) price
of $242,374.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Addison, 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 Addison, MI,
is $295,035.00, with the most expensive house
in Addison, MI, topping out
at $2,187,379.00 and the cheapest home
in Addison, MI,
clocking in at $11,176.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Addison, MI!
Rent Prices
In Addison, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Addison, MI, is on
a rollercoaster ride. The
average rent price in Addison, MI,
is $1,057.00. Indeed, when looking to rent in
Addison, MI, you can expect to pay as little
as $580.00 or as much
as $1,780.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Addison, 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
