Gibraltar, MI Foreclosures
How much do homes sell for in Gibraltar, MI?
The average home price is currently $318,817.
In Gibraltar, MI, how many homes are available?
There are currently 10 active home listings available in Gibraltar.
What’s the average rental cost in Gibraltar, MI?
The average rental price in Gibraltar is $1,502.
What is the most expensive home in Gibraltar?
The most expensive home sold in Gibraltar had a price of $4,059,674.
What is currently the cheapest priced home in Gibraltar, MI?
The cheapest home for sale in Gibraltar is priced at $21,629.
Living in Gibraltar, MI
Gibraltar, MI is a tranquil city located along the scenic Lake Erie shoreline. Known for its strong sense of community, residents enjoy a variety of outdoor activities and local amenities. With quality schools and peaceful neighborhoods, Gibraltar offers a serene suburban lifestyle while remaining conveniently close to urban conveniences.
Current Market Conditions in Gibraltar, MI
The Gibraltar real estate market has shown signs of steady growth over the past year, with an increasing number of homes being sold. The demand for properties in this peaceful waterfront community has been driven by families seeking good schools, recreational opportunities, and a community-oriented living environment. Homes in the area have generally seen a rise in value, with average prices reflecting the desirable location and quality of life aspects.
Despite its small size, Gibraltar's real estate market is competitive, with homes often receiving multiple offers. This trend suggests that buyers need to act quickly when they find a suitable property. The city is also witnessing some new developments and building projects, potentially increasing housing options for future residents.
Home Value Estimator For Gibraltar, MI
There are currently 386 real estate properties
in Gibraltar, MI,
with a median automated valuation model (AVM) price
of $236,155.00. 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 $318,817.00, with the most expensive house
in Gibraltar, MI, topping out
at $4,059,674.00 and the cheapest home
in Gibraltar, MI,
clocking in at $21,629.00. 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 $1,502.00. 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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