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Short Sale Listings in Madison Heights, MI

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Madison Heights, MI Foreclosures

How much do homes sell for in Madison Heights, MI?
The average home price is currently $221,999.
In Madison Heights, MI, how many homes are available?
There are currently 67 active home listings available in Madison Heights.
What’s the average rental cost in Madison Heights, MI?
The average rental price in Madison Heights is $1,202.
What is the most expensive home in Madison Heights?
The most expensive home sold in Madison Heights had a price of $4,510,371.
What is currently the cheapest priced home in Madison Heights, MI?
The cheapest home for sale in Madison Heights is priced at $15,071.

Living in Madison Heights, MI

Madison Heights, MI, is an affordable suburb of Detroit known for its community-oriented lifestyle and strong amenities. It features a variety of parks, grocery stores, and schools, making it an ideal location for families and young professionals. Excellent transportation connections and recreational opportunities make this city a desirable place to live.

Current Market Conditions in Madison Heights, MI

The Madison Heights real estate market has shown steady growth over the past year, with a rise in home values and increased demand for single-family homes. Buyers are drawn to the area due to its affordability compared to nearby cities, as well as its strong community feel and good school districts.

In the past month, the market has remained competitive, with homes selling quickly and often receiving multiple offers. This trend suggests a robust demand for housing as more individuals and families look to settle in this suburban area.

Home Value Estimator For Madison Heights, MI

There are currently 10,192 real estate properties in Madison Heights, MI, with a median automated valuation model (AVM) price of $221,336.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madison Heights, 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 Madison Heights, MI, is $221,999.00, with the most expensive house in Madison Heights, MI, topping out at $4,510,371.00 and the cheapest home in Madison Heights, MI, clocking in at $15,071.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison Heights, MI!

Rent Prices In Madison Heights, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison Heights, MI, is on a rollercoaster ride. The average rent price in Madison Heights, MI, is $1,202.00. Indeed, when looking to rent in Madison Heights, MI, you can expect to pay as little as $680.00 or as much as $2,220.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Madison Heights, 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.

Madison Heights, MI Short Sale Listings


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