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Foreclosure Homes in Munising, MI

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Munising, MI Foreclosures

How much do homes sell for in Munising, MI?
The average home price is currently $204,911.
In Munising, MI, how many homes are available?
There are currently 2 active home listings available in Munising.
What’s the average rental cost in Munising, MI?
The average rental price in Munising is $1,265.
What is the most expensive home in Munising?
The most expensive home sold in Munising had a price of $2,296,000.
What is currently the cheapest priced home in Munising, MI?
The cheapest home for sale in Munising is priced at $21,065.

Living in Munising, MI

Munising offers a picturesque setting along the shores of Lake Superior, known for its stunning natural beauty and outdoor activities. As a gateway to the Pictured Rocks National Lakeshore, this small town attracts nature enthusiasts year-round, with opportunities for hiking, kayaking, and scenic tours. The community boasts charm, a friendly atmosphere, and a rich history that draws visitors and residents alike.

Current Market Conditions in Munising, MI

The real estate market in Munising, MI, has been steadily appreciating over recent years as more people are seeking homes in scenic areas with close-knit communities. While the market may have seen fluctuations seasonally, it is currently witnessing a continuous rise in demand due to the area's natural charm and recreational opportunities. Families and retirees are particularly drawn to the potential of owning a home near the Great Lakes, prompting interest from buyers and investors alike.

Factors contributing to the growth include an increase in tourism, with many wanting second homes or vacation rentals in this serene environment. As a result, the availability of properties can sometimes be limited, so interested buyers are often advised to act quickly when listings become available.

Home Value Estimator For Munising, MI

There are currently 1,595 real estate properties in Munising, MI, with a median automated valuation model (AVM) price of $174,488.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Munising, 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 Munising, MI, is $204,911.00, with the most expensive house in Munising, MI, topping out at $2,296,000.00 and the cheapest home in Munising, MI, clocking in at $21,065.00. In other words, there’s something for every potential homebuyer or savvy investor in Munising, MI!

Rent Prices In Munising, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Munising, MI, is on a rollercoaster ride. The average rent price in Munising, MI, is $1,265.00. Indeed, when looking to rent in Munising, MI, you can expect to pay as little as $710.00 or as much as $2,680.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Munising, 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.

Munising, MI Foreclosures


Market Trend for Munising, MI

Total Listings Available: 2

Market Values:

Home Prices from $21,065 to $2,296,000

Average Sales Price: $204,911

Rental Values:

Rental from $710 to $2,680

Average Rent Value: $1,265 / month

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