Auburn, MI Foreclosures
How much do homes sell for in Auburn, MI?
The average home price is currently $246,914.
What’s the average rental cost in Auburn, MI?
The average rental price in Auburn is $1,480.
What is the most expensive home in Auburn?
The most expensive home sold in Auburn had a price of $925,344.
What is currently the cheapest priced home in Auburn, MI?
The cheapest home for sale in Auburn is priced at $11,807.
Living in Auburn, MI
Auburn, MI, is a quaint town that embodies small-town charm with easy access to suburban conveniences. Known for its friendly community and excellent schools, it is an ideal place for families looking to settle down. With numerous parks and recreational activities, residents can enjoy the great outdoors while living in a peaceful environment.
Current Market Conditions in Auburn, MI
The real estate market in Auburn, MI, has shown stable growth over the past year. Home values have increased as more families seek the tranquility and community focus that this town offers. The demand for single-family homes has led to a competitive market, with properties receiving multiple offers shortly after listing. Sellers are benefiting from this upward trend, while buyers are advised to act quickly to secure a home in this desirable locale.
Currently, the market is experiencing a steady influx of first-time homebuyers as well as families relocating from urban areas to Auburn for affordable housing. The average time a property remains on the market has decreased, indicating that buyers are eager to invest in homes within the community.
Home Value Estimator For Auburn, MI
There are currently 2,145 real estate properties
in Auburn, MI,
with a median automated valuation model (AVM) price
of $228,571.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Auburn, 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 Auburn, MI,
is $246,914.00, with the most expensive house
in Auburn, MI, topping out
at $925,344.00 and the cheapest home
in Auburn, MI,
clocking in at $11,807.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Auburn, MI!
Rent Prices
In Auburn, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Auburn, MI, is on
a rollercoaster ride. The
average rent price in Auburn, MI,
is $1,480.00. Indeed, when looking to rent in
Auburn, MI, you can expect to pay as little
as $910.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,480.00. The good news is that finding
an affordable and desirable property to rent in Auburn, 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
