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Short Sale Listings in Monroe, MI

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Living in Monroe, MI

Monroe, MI, is a vibrant city known for its scenic riverside views and a strong sense of community. With quality educational institutions, diverse recreational opportunities, and easy access to major urban centers, it attracts both families and young professionals. Local amenities and historic charm further enhance the appeal of this Midwest hub.

Current Market Conditions in Monroe, MI

The real estate market in Monroe shows promising growth, driven by a mixture of affordable housing options and an influx of new residents seeking a suburban lifestyle. Demand remains steady, particularly in family-friendly neighborhoods and properties near schools or parks.

Current trends indicate an appreciation in property values as supply remains limited in sought-after areas, making Monroe an attractive destination for real estate investment, particularly for those looking to capitalize on the market's upward trajectory.

Home Value Estimator For Monroe, MI

There are currently 18,718 real estate properties in Monroe, MI, with a median automated valuation model (AVM) price of $207,409.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monroe, 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 Monroe, MI, is $237,605.00, with the most expensive house in Monroe, MI, topping out at $10,355,571.00 and the cheapest home in Monroe, MI, clocking in at $13,305.00. In other words, there’s something for every potential homebuyer or savvy investor in Monroe, MI!

Rent Prices In Monroe, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monroe, MI, is on a rollercoaster ride. The average rent price in Monroe, MI, is $1,169.00. Indeed, when looking to rent in Monroe, MI, you can expect to pay as little as $540.00 or as much as $2,720.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Monroe, 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.

Monroe, MI Short Sale Listings


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