Cadillac, MI Foreclosures
How much do homes sell for in Cadillac, MI?
The average home price is currently $236,367.
In Cadillac, MI, how many homes are available?
There are currently 36 active home listings available in Cadillac.
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 $1,937,224.
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, MI is a quaint northern Michigan city highlighted by its stunning lakes and natural beauty. It offers a perfect blend of outdoor recreation and community amenities, making it an attractive destination for families and outdoor enthusiasts alike. With a rich history and vibrant downtown, Cadillac provides a charming place to live and thrive.
Current Market Conditions in Cadillac, MI
The real estate market in Cadillac has seen a moderate uptick in activity over the past few months, driven primarily by an increase in interest from those looking to relocate to the area. The combination of affordability, scenic beauty, and outdoor lifestyle has made Cadillac an appealing option for buyers, leading to a competitive market with steadily rising prices.
Single-family homes are dominating the market, with many listings seeing multiple offers, particularly those in well-established neighborhoods close to the lakes. As a result, home values have appreciated, and the demand continues to grow, reflecting a positive trend for investors and future homebuyers.
Home Value Estimator For Cadillac, MI
There are currently 9,168 real estate properties
in Cadillac, MI,
with a median automated valuation model (AVM) price
of $200,934.00. 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 $236,367.00, with the most expensive house
in Cadillac, MI, topping out
at $1,937,224.00 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.
Learn more on Foreclosure homes
