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Foreclosure Homes in Chatham, MI

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Chatham, MI Foreclosures

Current Market Conditions in in Chatham, MI As of March 2026?
Over the past month, Chatham's real estate market has seen a slight uptick in home sales. Traditionally slower during the winter, the appeal of rural living continues to draw interest, leading to quicker closings on newer listings. Prices have remained steady with minimal fluctuations, indicating a healthy market. Many properties attract buyers looking to escape to quieter areas, especially with increasing remote work options becoming more common.
How much do homes sell for in Chatham, MI?
The average home price is currently $204,278.
In Chatham, MI, how many homes are available?
There are currently 2 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, Michigan, is a serene village in the picturesque Upper Peninsula. With access to stunning natural scenery, it offers a peaceful lifestyle enriched with outdoor activities. The community-centered atmosphere makes it perfect for families and nature lovers alike.

Buyer vs Seller Market in Chatham, MI

The real estate market in Chatham is currently characterized by stable prices with a range of affordable options. The demand for properties is steady, primarily driven by those seeking a second home or a peaceful permanent residence.

In recent months, there has been an increase in interest in properties, particularly as more individuals seek refuge from urban environments. The market remains competitive but accessible for first-time homebuyers.

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 $178,928.00. 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 $204,278.00, 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: 2

Market Values:

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

Average Sales Price: $204,278

Rental Values:

Rental from $840 to $1,740

Average Rent Value: $1,141 / month

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