Arcadia, MI Foreclosures
How much do homes sell for in Arcadia, MI?
The average home price is currently $472,215.
In Arcadia, MI, how many homes are available?
There are currently 1 active home listings available in Arcadia.
What’s the average rental cost in Arcadia, MI?
The average rental price in Arcadia is $1,408.
What is the most expensive home in Arcadia?
The most expensive home sold in Arcadia had a price of $2,262,134.
What is currently the cheapest priced home in Arcadia, MI?
The cheapest home for sale in Arcadia is priced at $53,348.
Living in Arcadia, MI
Arcadia, a charming small town located along the shores of Lake Michigan, is known for its stunning natural beauty and outdoor recreational activities. With access to beautiful beaches and state parks, residents enjoy a relaxed lifestyle surrounded by nature. The community offers a tight-knit atmosphere, perfect for families and those seeking a peaceful getaway.
Current Market Conditions in Arcadia, MI
The real estate market in Arcadia, MI, has seen significant appreciation over the past couple of years, fueled by an influx of buyers seeking vacation homes and investment properties near Lake Michigan. There has been a notable increase in demand for single-family homes, particularly those with water views or proximity to local beaches, which has driven up property prices. While the inventory has been somewhat limited, new listings continue to emerge as the area gains popularity among investors and families looking for second homes.
Activity in the housing market remains robust, with an increasing number of properties receiving multiple offers. Sellers are capitalizing on the demand, often receiving over asking price. The market also has a growing trend towards luxury homes as more high-income buyers recognize the unique lifestyle Arcadia offers.
Home Value Estimator For Arcadia, MI
There are currently 615 real estate properties
in Arcadia, MI,
with a median automated valuation model (AVM) price
of $347,860.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Arcadia, 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 Arcadia, MI,
is $472,215.00, with the most expensive house
in Arcadia, MI, topping out
at $2,262,134.00 and the cheapest home
in Arcadia, MI,
clocking in at $53,348.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Arcadia, MI!
Rent Prices
In Arcadia, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Arcadia, MI, is on
a rollercoaster ride. The
average rent price in Arcadia, MI,
is $1,408.00. Indeed, when looking to rent in
Arcadia, MI, you can expect to pay as little
as $820.00 or as much
as $2,460.00,
with the average rent median estimated to
be $1,420.00. The good news is that finding
an affordable and desirable property to rent in Arcadia, 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
