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Foreclosure Homes in Chatham, MI

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Chatham, MI Foreclosures

How much do homes sell for in Chatham, MI?
The average home price is currently $220,077.
In Chatham, MI, how many homes are available?
There are currently 3 active home listings available in Chatham.
What’s the average rental cost in Chatham, MI?
The average rental price in Chatham is $1,141.
What is the most expensive home in Chatham?
The most expensive home sold in Chatham had a price of $1,101,125.
What is currently the cheapest priced home in Chatham, MI?
The cheapest home for sale in Chatham is priced at $39,207.

Living in Chatham, MI

Chatham, MI is a small and inviting community in Michigan's Upper Peninsula, ideal for those looking for a peaceful lifestyle surrounded by nature. The area is known for its rich outdoor activities including hunting, fishing, and hiking. With its charming atmosphere and proximity to beautiful landscapes, it is perfect for nature lovers and those seeking a close-knit community.

Current Market Conditions in Chatham, MI

The real estate market in Chatham is relatively stable, with prices remaining affordable compared to larger urban areas. Given its rural nature, homes often attract buyers looking for a quiet retreat, and there is a consistent demand for properties that offer access to outdoor activities. Recent trends indicate an increased interest in second homes in this picturesque area, as more people seek to escape city life.

As families continue to migrate towards greener pastures, the demand for properties in Chatham is gradually rising. The area’s appealing combination of natural beauty and friendly local community is likely to maintain or even increase property values in the coming years.

Home Value Estimator For Chatham, MI

There are currently 207 real estate properties in Chatham, MI, with a median automated valuation model (AVM) price of $192,583.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chatham, 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 Chatham, MI, is $220,077.00, with the most expensive house in Chatham, MI, topping out at $1,101,125.00 and the cheapest home in Chatham, MI, clocking in at $39,207.00. In other words, there’s something for every potential homebuyer or savvy investor in Chatham, MI!

Rent Prices In Chatham, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chatham, MI, is on a rollercoaster ride. The average rent price in Chatham, MI, is $1,141.00. Indeed, when looking to rent in Chatham, MI, you can expect to pay as little as $840.00 or as much as $1,740.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Chatham, 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.

Chatham, MI Foreclosures


Market Trend for Chatham, MI

Total Listings Available: 3

Market Values:

Home Prices from $39,207 to $1,101,125

Average Sales Price: $220,077

Rental Values:

Rental from $840 to $1,740

Average Rent Value: $1,141 / month

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