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Short Sale Listings in Hamtramck, MI

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Hamtramck, MI Foreclosures

How much do homes sell for in Hamtramck, MI?
The average home price is currently $166,055.
In Hamtramck, MI, how many homes are available?
There are currently 49 active home listings available in Hamtramck.
What’s the average rental cost in Hamtramck, MI?
The average rental price in Hamtramck is $1,254.
What is the most expensive home in Hamtramck?
The most expensive home sold in Hamtramck had a price of $2,679,998.
What is currently the cheapest priced home in Hamtramck, MI?
The cheapest home for sale in Hamtramck is priced at $10,380.

Living in Hamtramck, MI

Hamtramck, located adjacent to Detroit, is a diverse and densely populated city offering a unique blend of culture, local cuisine, and community spirit. With numerous parks, local shops, and friendly neighborhoods, it has become an attractive option for families and urban professionals. The area also boasts a rich history and a vibrant arts scene.

Current Market Conditions in Hamtramck, MI

The real estate market in Hamtramck is currently experiencing an upward trend with increased interest from homebuyers, leading to a competitive landscape. Rising home prices are indicative of growing demand, influenced by the city's unique character and community offerings.

Investors and first-time homebuyers are drawn to the area due to its affordable housing relative to larger cities like Detroit. The city's ongoing development projects and community initiatives are further enhancing its attractiveness.

Home Value Estimator For Hamtramck, MI

There are currently 10,564 real estate properties in Hamtramck, MI, with a median automated valuation model (AVM) price of $164,070.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hamtramck, 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 Hamtramck, MI, is $166,055.00, with the most expensive house in Hamtramck, MI, topping out at $2,679,998.00 and the cheapest home in Hamtramck, MI, clocking in at $10,380.00. In other words, there’s something for every potential homebuyer or savvy investor in Hamtramck, MI!

Rent Prices In Hamtramck, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hamtramck, MI, is on a rollercoaster ride. The average rent price in Hamtramck, MI, is $1,254.00. Indeed, when looking to rent in Hamtramck, MI, you can expect to pay as little as $620.00 or as much as $2,380.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Hamtramck, 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.

Hamtramck, MI Short Sale Listings

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