Farwell, MI Foreclosures
How much do homes sell for in Farwell, MI?
The average home price is currently $191,171.
In Farwell, MI, how many homes are available?
There are currently 19 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 $8,072,187.
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, Michigan is a charming small town nestled in Clare County offering a close-knit community atmosphere. With its natural beauty and local amenities, Farwell provides an appealing lifestyle for families and retirees alike. The area is characterized by outdoor recreational activities, wholesome living, and a serene environment.
Current Market Conditions in Farwell, MI
The real estate market in Farwell is competitive, with a steady increase in home prices due to the attractiveness of the area for families and retirees. Historically, homes tend to sell quickly, often above asking price, reflecting high demand and low inventory. The local market shows signs of growth, with many homes being renovated, increasing their value.
There has been a noticeable trend in new construction and development in the area, as young families are moving in seeking affordable housing options. This trend has encouraged further investments in community amenities and facilities, enhancing the overall living conditions for residents.
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 $175,840.00. 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 $191,171.00, with the most expensive house
in Farwell, MI, topping out
at $8,072,187.00 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.
Learn more on Foreclosure homes
