Bessemer, MI Foreclosures
How much do homes sell for in Bessemer, MI?
The average home price is currently $131,351.
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 $1,153,930.
What is currently the cheapest priced home in Bessemer, MI?
The cheapest home for sale in Bessemer is priced at $12,550.
Living in Bessemer, MI
Bessemer, located in the Upper Peninsula of Michigan, offers a charming small-town atmosphere with a rich history and close-knit community. Residents enjoy breathtaking natural scenery, particularly the nearby Porcupine Mountains and abundant outdoor recreation. With a friendly community spirit and access to outdoor activities throughout the seasons, Bessemer is an appealing location for families and nature enthusiasts alike.
Current Market Conditions in Bessemer, MI
Bessemer's real estate market, over the past year, has experienced a notable increase in interest from buyers seeking vacation homes and investment opportunities in a more tranquil setting. The combination of picturesque landscapes, outdoor activities, and affordable housing has attracted a diverse range of buyers looking to escape urban environments.
The demand for homes in Bessemer has pushed prices upwards, particularly for properties with acreage or proximity to outdoor recreational areas. This trend shows no sign of slowing down, especially as more people prioritize space and nature in their living environments.
Home Value Estimator For Bessemer, MI
There are currently 817 real estate properties
in Bessemer, MI,
with a median automated valuation model (AVM) price
of $104,399.00. 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 $131,351.00, with the most expensive house
in Bessemer, MI, topping out
at $1,153,930.00 and the cheapest home
in Bessemer, MI,
clocking in at $12,550.00. 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.
Learn more on Foreclosure homes
