Eastlake, MI Foreclosures
How much do homes sell for in Eastlake, MI?
The average home price is currently $177,331.
In Eastlake, MI, how many homes are available?
There are currently 28 active home listings available in Eastlake.
What’s the average rental cost in Eastlake, MI?
The average rental price in Eastlake is $1,358.
What is the most expensive home in Eastlake?
The most expensive home sold in Eastlake had a price of $525,933.
What is currently the cheapest priced home in Eastlake, MI?
The cheapest home for sale in Eastlake is priced at $61,433.
Living in Eastlake, MI
Eastlake, MI is a quaint lakeside community that offers a peaceful lifestyle with beautiful views of Lake Michigan. This charming area provides a perfect escape for families and individuals alike, with numerous outdoor activities and community events that enhance the living experience. It's conveniently located close to necessary amenities, making it an attractive place to call home.
Current Market Conditions in Eastlake, MI
The Eastlake real estate market is stable, with a steady demand for homes driven by its picturesque location and community-oriented lifestyle. Recent trends indicate a slight increase in home prices due to limited inventory and a growing interest from buyers looking for vacation homes or permanent residences near the lake.
Investors are increasingly recognizing the potential for rental properties in Eastlake, particularly short-term rentals, thanks to its proximity to Lake Michigan and local attractions. As a result, the market is experiencing gradual appreciation, attracting both first-time homebuyers and retirees.
Home Value Estimator For Eastlake, MI
There are currently 170 real estate properties
in Eastlake, MI,
with a median automated valuation model (AVM) price
of $169,460.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Eastlake, 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 Eastlake, MI,
is $177,331.00, with the most expensive house
in Eastlake, MI, topping out
at $525,933.00 and the cheapest home
in Eastlake, MI,
clocking in at $61,433.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Eastlake, MI!
Rent Prices
In Eastlake, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Eastlake, MI, is on
a rollercoaster ride. The
average rent price in Eastlake, MI,
is $1,358.00. Indeed, when looking to rent in
Eastlake, MI, you can expect to pay as little
as $1,230.00 or as much
as $1,570.00,
with the average rent median estimated to
be $1,350.00. The good news is that finding
an affordable and desirable property to rent in Eastlake, 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.
Learn more on Foreclosure homes
