Cedar River, MI Foreclosures
How much do homes sell for in Cedar River, MI?
The average home price is currently $261,571.
In Cedar River, MI, how many homes are available?
There are currently 1 active home listings available in Cedar River.
What’s the average rental cost in Cedar River, MI?
The average rental price in Cedar River is $1,480.
What is the most expensive home in Cedar River?
The most expensive home sold in Cedar River had a price of $1,007,209.
What is currently the cheapest priced home in Cedar River, MI?
The cheapest home for sale in Cedar River is priced at $13,000.
Living in Cedar River, MI
Cedar River is a serene community located in the northern part of Michigan's picturesque landscape, known for its lush forests, beautiful riverfront views, and outdoor recreational opportunities. With a charming small-town atmosphere, residents enjoy a close-knit community with access to various amenities, including local shops and restaurants. The area is ideal for outdoor enthusiasts, offering activities like fishing, hiking, and camping along the Cedar River.
Current Market Conditions in Cedar River, MI
The real estate market in Cedar River has shown a steady increase in demand, particularly among buyers looking for vacation homes or permanent residences in a serene environment. The attractiveness of the natural surroundings, coupled with low inventory levels, has driven home prices up slightly over the past year. More families and retirees are searching for homes in Cedar River, making it a promising market for potential investments.
In recent months, Cedar River has witnessed a slight uptick in property sales as more buyers are drawn to the area's peaceful lifestyle and outdoor amenities. This increase indicates a recovering market with greater options for exploration for potential buyers, as historically, Cedar River has been a hidden gem in the Upper Peninsula.
Home Value Estimator For Cedar River, MI
There are currently 187 real estate properties
in Cedar River, MI,
with a median automated valuation model (AVM) price
of $231,258.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cedar River, 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 Cedar River, MI,
is $261,571.00, with the most expensive house
in Cedar River, MI, topping out
at $1,007,209.00 and the cheapest home
in Cedar River, MI,
clocking in at $13,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cedar River, MI!
Rent Prices
In Cedar River, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cedar River, MI, is on
a rollercoaster ride. The
average rent price in Cedar River, MI,
is $1,480.00. Indeed, when looking to rent in
Cedar River, MI, you can expect to pay as little
as $940.00 or as much
as $1,820.00,
with the average rent median estimated to
be $1,510.00. The good news is that finding
an affordable and desirable property to rent in Cedar River, 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.
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