Chatham, MI Foreclosures
Current Market Conditions in in Chatham, MI As of April 2026?
In the past month, Chatham has seen a slight increase in home prices due to the continued demand for properties as more individuals explore remote work options and the rural lifestyle. The average price per square foot has risen, indicating a positive trend for sellers, while buyers may need to adjust their expectations regarding affordability in this desirably scenic area. Seasonal sales activities often contribute to fluctuations, and this year is no different, as the market continues to show resilience amidst changes in buyer behavior.
How much do homes sell for in Chatham, MI?
The average home price is currently $203,064.
In Chatham, MI, how many homes are available?
There are currently 1 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, charming village in the Upper Peninsula, surrounded by stunning natural landscapes and outdoor activities. The community is friendly and welcoming, making it a great place for families and nature lovers. Rich in history and outdoor recreational opportunities, Chatham is a hidden gem that offers tranquility and a strong sense of community.
Buyer vs Seller Market in Chatham, MI
Chatham, MI, has experienced a steady real estate market, characterized by an influx of buyers looking for affordable yet picturesque properties. The demand for homes in this area is driven by its unique charm and outdoor recreation opportunities, appealing to both full-time residents and vacationers.
Current trends show an increase in property values as more individuals seek homes outside larger urban areas. The residential market remains competitive with limited inventory, leading to rising prices and quick sales, particularly for well-maintained homes and those close to nature.
Home Value Estimator For Chatham, MI
There are currently 275 real estate properties
in Chatham, MI,
with a median automated valuation model (AVM) price
of $178,567.00. 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 $203,064.00, 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.
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