Empire, MI Foreclosures
How much do homes sell for in Empire, MI?
The average home price is currently $936,337.
What’s the average rental cost in Empire, MI?
The average rental price in Empire is $1,560.
What is the most expensive home in Empire?
The most expensive home sold in Empire had a price of $5,966,913.
What is currently the cheapest priced home in Empire, MI?
The cheapest home for sale in Empire is priced at $36,684.
Living in Empire, MI
Empire, MI, a small village known for its stunning natural scenery, offers a unique blend of outdoor activities, rich community experiences, and a peaceful lifestyle. Nestled near the Sleeping Bear Dunes and Lake Michigan, it provides an idyllic retreat for nature lovers and families alike. Experience small-town charm with access to beautiful parks, shopping, and recreational activities.
Current Market Conditions in Empire, MI
The real estate market in Empire, MI, has shown signs of growth, with an increased interest from homebuyers seeking vacation homes and permanent residences. The picturesque setting and proximity to popular outdoor attractions make it an appealing location for those seeking a retreat from city life. Inventory levels are currently low, which has led to rising home prices and competitive bidding scenarios.
In the last few months, there has been a significant uptick in demand for properties, particularly during the summer season. Many buyers are looking for homes that offer easy access to the lake and trails. As a result, homes are selling faster than in previous years, and new developments are starting to emerge in response to the demand.
Home Value Estimator For Empire, MI
There are currently 1,037 real estate properties
in Empire, MI,
with a median automated valuation model (AVM) price
of $612,209.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Empire, 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 Empire, MI,
is $936,337.00, with the most expensive house
in Empire, MI, topping out
at $5,966,913.00 and the cheapest home
in Empire, MI,
clocking in at $36,684.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Empire, MI!
Rent Prices
In Empire, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Empire, MI, is on
a rollercoaster ride. The
average rent price in Empire, MI,
is $1,560.00. Indeed, when looking to rent in
Empire, MI, you can expect to pay as little
as $850.00 or as much
as $2,460.00,
with the average rent median estimated to
be $1,500.00. The good news is that finding
an affordable and desirable property to rent in Empire, 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
