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Foreclosure Homes in Grayling, MI

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Grayling, MI Foreclosures

How much do homes sell for in Grayling, MI?
The average home price is currently $228,147.
In Grayling, MI, how many homes are available?
There are currently 15 active home listings available in Grayling.
What’s the average rental cost in Grayling, MI?
The average rental price in Grayling is $1,260.
What is the most expensive home in Grayling?
The most expensive home sold in Grayling had a price of $2,522,814.
What is currently the cheapest priced home in Grayling, MI?
The cheapest home for sale in Grayling is priced at $10,590.

Living in Grayling, MI

Grayling is a charming small town located in northern Michigan, offering a peaceful and scenic lifestyle surrounded by nature. Known for its outdoor activities, particularly fishing and hiking, Grayling provides a family-friendly atmosphere with a strong sense of community. With local shops, restaurants, and beautiful parks, it is an ideal spot for nature enthusiasts and those seeking a quieter pace of life.

Current Market Conditions in Grayling, MI

The real estate market in Grayling, MI, currently shows signs of stability, with home prices seeing moderate appreciation over the past year. This is attributed to an increasing interest in the area due to its natural beauty and outdoor activities. The demand for property remains steady, making it an attractive option for both first-time homebuyers and investors looking for vacation home opportunities.

As of late 2023, many homes for sale in Grayling are attracting bids quickly, indicating a healthy interest in the market. The small-town charm combined with recreational activities keeps the area's appeal strong, leading to a competitive yet manageable market environment.

Home Value Estimator For Grayling, MI

There are currently 6,298 real estate properties in Grayling, MI, with a median automated valuation model (AVM) price of $189,277.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Grayling, 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 Grayling, MI, is $228,147.00, with the most expensive house in Grayling, MI, topping out at $2,522,814.00 and the cheapest home in Grayling, MI, clocking in at $10,590.00. In other words, there’s something for every potential homebuyer or savvy investor in Grayling, MI!

Rent Prices In Grayling, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grayling, MI, is on a rollercoaster ride. The average rent price in Grayling, MI, is $1,260.00. Indeed, when looking to rent in Grayling, MI, you can expect to pay as little as $500.00 or as much as $3,020.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Grayling, 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.

Grayling, MI Foreclosures


Market Trend for Grayling, MI

Total Listings Available: 15

Market Values:

Home Prices from $10,590 to $2,522,814

Average Sales Price: $228,147

Rental Values:

Rental from $500 to $3,020

Average Rent Value: $1,260 / month

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