Mitchell, IN Foreclosures
How much do homes sell for in Mitchell, IN?
The average home price is currently $209,893.
In Mitchell, IN, how many homes are available?
There are currently 39 active home listings available in Mitchell.
What’s the average rental cost in Mitchell, IN?
The average rental price in Mitchell is $1,019.
What is the most expensive home in Mitchell?
The most expensive home sold in Mitchell had a price of $1,959,800.
What is currently the cheapest priced home in Mitchell, IN?
The cheapest home for sale in Mitchell is priced at $11,342.
Living in Mitchell, IN
Mitchell, Indiana, is a quaint and welcoming town with a strong sense of community and rich history. Perfect for families and outdoor enthusiasts, it offers a variety of recreational activities and essential amenities. With its friendly atmosphere and local charm, Mitchell is an ideal place to call home.
Current Market Conditions in Mitchell, IN
Mitchell's real estate market is currently experiencing a steady increase in demand, driven by its appealing lifestyle and affordable housing options. The town attracts a mix of families, retirees, and young professionals looking for a quieter living environment while still having access to urban conveniences. As the area develops, home values are projected to rise, making it an attractive investment opportunity for buyers and investors alike.
The real estate trends indicate a balanced market, with inventory levels gradually decreasing as more buyers enter the market. This increased demand has led to competitive bidding situations for desirable properties, pushing average prices higher.
New construction and renovations are evident in the area, drawing a younger demographic seeking updated homes in a friendly environment. The continued interest in Mitchell is expected to bring further development and improved infrastructure.
Home Value Estimator For Mitchell, IN
There are currently 3,555 real estate properties
in Mitchell, IN,
with a median automated valuation model (AVM) price
of $187,949.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mitchell, IN, 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 Mitchell, IN,
is $209,893.00, with the most expensive house
in Mitchell, IN, topping out
at $1,959,800.00 and the cheapest home
in Mitchell, IN,
clocking in at $11,342.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mitchell, IN!
Rent Prices
In Mitchell, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mitchell, IN, is on
a rollercoaster ride. The
average rent price in Mitchell, IN,
is $1,019.00. Indeed, when looking to rent in
Mitchell, IN, you can expect to pay as little
as $500.00 or as much
as $2,770.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Mitchell, IN
-- 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.
Learn more on Foreclosure homes
