Gibraltar, MI Foreclosures
How much do homes sell for in Gibraltar, MI?
The average home price is currently $285,738.
In Gibraltar, MI, how many homes are available?
There are currently 13 active home listings available in Gibraltar.
What’s the average rental cost in Gibraltar, MI?
The average rental price in Gibraltar is $1,503.
What is the most expensive home in Gibraltar?
The most expensive home sold in Gibraltar had a price of $848,875.
What is currently the cheapest priced home in Gibraltar, MI?
The cheapest home for sale in Gibraltar is priced at $21,605.
Living in Gibraltar, MI
Gibraltar, MI is a serene lakeside community characterized by its friendly atmosphere, ample recreational activities, and well-regarded schools. Residents enjoy a suburban lifestyle with nearby urban conveniences. The city's location by the Detroit River offers unique fishing and boating opportunities.
Current Market Conditions in Gibraltar, MI
The real estate market in Gibraltar is currently experiencing stable growth, with prices showing a steady increase over the past several months. The demand for homes has remained consistent, appealing particularly to families and retirees due to the area’s tranquil living environment and quality schools.
Buyers are particularly interested in waterfront properties due to their unique locations and picturesque views, which has driven prices higher in certain segments. The overall housing supply is limited, which further contributes to rising property values.
Home Value Estimator For Gibraltar, MI
There are currently 347 real estate properties
in Gibraltar, MI,
with a median automated valuation model (AVM) price
of $224,065.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Gibraltar, 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 Gibraltar, MI,
is $285,738.00, with the most expensive house
in Gibraltar, MI, topping out
at $848,875.00 and the cheapest home
in Gibraltar, MI,
clocking in at $21,605.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Gibraltar, MI!
Rent Prices
In Gibraltar, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Gibraltar, MI, is on
a rollercoaster ride. The
average rent price in Gibraltar, MI,
is $1,503.00. Indeed, when looking to rent in
Gibraltar, MI, you can expect to pay as little
as $1,020.00 or as much
as $1,600.00,
with the average rent median estimated to
be $1,530.00. The good news is that finding
an affordable and desirable property to rent in Gibraltar, 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.
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