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Land Foreclosures in Cadillac, MI

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Cadillac, MI Foreclosures

How much do homes sell for in Cadillac, MI?
The average home price is currently $245,469.
What’s the average rental cost in Cadillac, MI?
The average rental price in Cadillac is $1,455.
What is the most expensive home in Cadillac?
The most expensive home sold in Cadillac had a price of $8,992,424.
What is currently the cheapest priced home in Cadillac, MI?
The cheapest home for sale in Cadillac is priced at $14,139.

Living in Cadillac, MI

Cadillac, Michigan is a charming city nestled in the heart of northern Michigan. Known as the 'Gateway to the North', it offers a unique blend of outdoor adventures and small-town hospitality. With its picturesque lakes, lush forests, and vibrant downtown, Cadillac provides a perfect escape for those seeking recreation and relaxation.

Current Market Conditions in Cadillac, MI

The Cadillac real estate market is currently experiencing steady growth, with an increase in demand for homes as families and retirees seek the serene lifestyle that the area offers. The prices of homes have shown a moderate increase, reflecting the city's attractiveness as a place to live, especially for those looking for affordable housing options away from urban centers.

In the last year, there has been a noticeable trend of migration towards Cadillac, as remote work becomes more ingrained in the lifestyle of many professionals. This has led to a competitive market, where well-priced homes are often sold quickly, indicating a robust interest in the residential real estate sector.

Home Value Estimator For Cadillac, MI

There are currently 9,956 real estate properties in Cadillac, MI, with a median automated valuation model (AVM) price of $206,615.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cadillac, 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 Cadillac, MI, is $245,469.00, with the most expensive house in Cadillac, MI, topping out at $8,992,424.00 and the cheapest home in Cadillac, MI, clocking in at $14,139.00. In other words, there’s something for every potential homebuyer or savvy investor in Cadillac, MI!

Rent Prices In Cadillac, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cadillac, MI, is on a rollercoaster ride. The average rent price in Cadillac, MI, is $1,455.00. Indeed, when looking to rent in Cadillac, MI, you can expect to pay as little as $650.00 or as much as $2,180.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Cadillac, 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.

Cadillac, MI Land


Market Trend for Cadillac, MI

Total Listings Available: 0

Market Values:

Home Prices from $14,139 to $8,992,424

Average Sales Price: $245,469

Rental Values:

Rental from $650 to $2,180

Average Rent Value: $1,455 / month

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