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Foreclosure Homes in Farwell, MI

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Farwell, MI Foreclosures

How much do homes sell for in Farwell, MI?
The average home price is currently $187,486.
In Farwell, MI, how many homes are available?
There are currently 11 active home listings available in Farwell.
What’s the average rental cost in Farwell, MI?
The average rental price in Farwell is $1,338.
What is the most expensive home in Farwell?
The most expensive home sold in Farwell had a price of $8,164,700.
What is currently the cheapest priced home in Farwell, MI?
The cheapest home for sale in Farwell is priced at $15,561.

Living in Farwell, MI

Farwell, a quaint village in Clare County, Michigan, offers a serene lifestyle surrounded by nature. Known for its friendly community and small-town charm, residents enjoy access to numerous outdoor activities, including fishing and hiking. With a mix of local shops, schools, and parks, Farwell is ideal for families and anyone looking for a peaceful atmosphere.

Current Market Conditions in Farwell, MI

The real estate market in Farwell has shown resilience despite economic changes, with an uptick in home buying activity recently. Properties in the area are typically attracting buyers looking for vacation homes, as well as those seeking year-round residences. The modest pricing of homes makes it appealing for first-time buyers and families alike.

Current trends indicate that properties with large lots and updated amenities are particularly sought after. In contrast, older homes in need of renovations are selling at a slower pace, creating opportunities for investors. Overall, the market remains competitive, with local real estate agents adapting strategies to meet the changing preferences of buyers.

Home Value Estimator For Farwell, MI

There are currently 3,158 real estate properties in Farwell, MI, with a median automated valuation model (AVM) price of $170,236.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Farwell, 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 Farwell, MI, is $187,486.00, with the most expensive house in Farwell, MI, topping out at $8,164,700.00 and the cheapest home in Farwell, MI, clocking in at $15,561.00. In other words, there’s something for every potential homebuyer or savvy investor in Farwell, MI!

Rent Prices In Farwell, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Farwell, MI, is on a rollercoaster ride. The average rent price in Farwell, MI, is $1,338.00. Indeed, when looking to rent in Farwell, MI, you can expect to pay as little as $740.00 or as much as $2,300.00, 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 Farwell, 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.

Farwell, MI Foreclosures


Market Trend for Farwell, MI

Total Listings Available: 11

Market Values:

Home Prices from $15,561 to $8,164,700

Average Sales Price: $187,486

Rental Values:

Rental from $740 to $2,300

Average Rent Value: $1,338 / month

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