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Bankruptcy Homes in Colon, MI

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Colon, MI Foreclosures

How much do homes sell for in Colon, MI?
The average home price is currently $213,158.
In Colon, MI, how many homes are available?
There are currently 2 active home listings available in Colon.
What’s the average rental cost in Colon, MI?
The average rental price in Colon is $1,236.
What is the most expensive home in Colon?
The most expensive home sold in Colon had a price of $3,814,556.
What is currently the cheapest priced home in Colon, MI?
The cheapest home for sale in Colon is priced at $10,413.

Living in Colon, MI

Colon, Michigan, is a charming small village known as the 'Magic Capital of the World' with a strong sense of community and rich history in magic and illusion. The village offers a variety of recreational activities amidst beautiful natural settings and has a good educational system. Its proximity to larger towns enhances accessibility to a broader range of amenities, drawing families and individuals seeking a peaceful lifestyle.

Current Market Conditions in Colon, MI

The real estate market in Colon is currently showing signs of stability, with a balanced supply of homes available for sale relative to buyer demand. The area has seen a modest increase in home prices over the past several months due to its popularity as a destination for magicians and families looking for a quieter lifestyle.

Interest in Colon has been rising, partly due to increasing remote work flexibility, allowing people to choose homes in smaller towns without sacrificing access to modern conveniences. Homes are generally selling within 30-60 days on the market, indicating a healthy market activity.

Home Value Estimator For Colon, MI

There are currently 1,753 real estate properties in Colon, MI, with a median automated valuation model (AVM) price of $190,598.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Colon, 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 Colon, MI, is $213,158.00, with the most expensive house in Colon, MI, topping out at $3,814,556.00 and the cheapest home in Colon, MI, clocking in at $10,413.00. In other words, there’s something for every potential homebuyer or savvy investor in Colon, MI!

Rent Prices In Colon, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colon, MI, is on a rollercoaster ride. The average rent price in Colon, MI, is $1,236.00. Indeed, when looking to rent in Colon, MI, you can expect to pay as little as $820.00 or as much as $2,220.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Colon, 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.

Colon, MI Bankruptcy Homes

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