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Short Sale Listings in Melvindale, MI

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Melvindale, MI Foreclosures

How much do homes sell for in Melvindale, MI?
The average home price is currently $143,745.
In Melvindale, MI, how many homes are available?
There are currently 23 active home listings available in Melvindale.
What’s the average rental cost in Melvindale, MI?
The average rental price in Melvindale is $968.
What is the most expensive home in Melvindale?
The most expensive home sold in Melvindale had a price of $1,128,500.
What is currently the cheapest priced home in Melvindale, MI?
The cheapest home for sale in Melvindale is priced at $20,432.

Living in Melvindale, MI

Melvindale, MI, is a charming city that blends suburban comfort with proximity to urban amenities. It features a welcoming community spirit, ample parks, and a commitment to education. A great place for families and those who appreciate a small-town feel amid city attractions.

Current Market Conditions in Melvindale, MI

Melvindale's real estate market has seen steady activity over the past year, with a competitive environment characterized by low inventory. Homes are attracting multiple offers, and the demand remains high among buyers looking for affordable options in the area.

While many properties are selling quickly, there are still opportunities to find good listings, particularly for first-time homebuyers. Overall, home prices have shown moderate appreciation, signaling a healthy market for investors.

Home Value Estimator For Melvindale, MI

There are currently 3,899 real estate properties in Melvindale, MI, with a median automated valuation model (AVM) price of $140,620.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melvindale, 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 Melvindale, MI, is $143,745.00, with the most expensive house in Melvindale, MI, topping out at $1,128,500.00 and the cheapest home in Melvindale, MI, clocking in at $20,432.00. In other words, there’s something for every potential homebuyer or savvy investor in Melvindale, MI!

Rent Prices In Melvindale, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melvindale, MI, is on a rollercoaster ride. The average rent price in Melvindale, MI, is $968.00. Indeed, when looking to rent in Melvindale, MI, you can expect to pay as little as $600.00 or as much as $2,260.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Melvindale, 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.

Melvindale, MI Short Sale Listings

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