New Troy, MI Foreclosures
How much do homes sell for in New Troy, MI?
The average home price is currently $233,491.
In New Troy, MI, how many homes are available?
There are currently 150 active home listings available in New Troy.
What’s the average rental cost in New Troy, MI?
The average rental price in New Troy is $1,361.
What is the most expensive home in New Troy?
The most expensive home sold in New Troy had a price of $719,500.
What is currently the cheapest priced home in New Troy, MI?
The cheapest home for sale in New Troy is priced at $51,000.
Living in New Troy, MI
New Troy, MI, is a charming village that embodies the best of rural living, with a strong community spirit and access to nature. It features a serene environment perfect for families and outdoor enthusiasts, while still being close to larger urban centers for added conveniences. With top-notch schools and local events, New Troy provides a wholesome lifestyle for its residents.
Current Market Conditions in New Troy, MI
The New Troy real estate market has shown steady growth in the past few years as more individuals are drawn to its peaceful setting and affordability compared to urban areas. The average home price has seen a slight increase as demand continues to rise for properties in the area, indicating a stable market. Buyers are particularly attracted to homes with larger lots, which are common in this rural community, making it an appealing option for those seeking space and tranquility.
Schools are tightly woven into the fabric of New Troy, which contributes to sustained interest from families looking to settle in the area. Investors are also starting to recognize the potential of New Troy, with some newer developments beginning to pop up, suggesting a gradual but positive shift in market dynamics.
Home Value Estimator For New Troy, MI
There are currently 42 real estate properties
in New Troy, MI,
with a median automated valuation model (AVM) price
of $197,429.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in New Troy, 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 New Troy, MI,
is $233,491.00, with the most expensive house
in New Troy, MI, topping out
at $719,500.00 and the cheapest home
in New Troy, MI,
clocking in at $51,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in New Troy, MI!
Rent Prices
In New Troy, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in New Troy, MI, is on
a rollercoaster ride. The
average rent price in New Troy, MI,
is $1,361.00. Indeed, when looking to rent in
New Troy, MI, you can expect to pay as little
as $1,080.00 or as much
as $1,610.00,
with the average rent median estimated to
be $1,340.00. The good news is that finding
an affordable and desirable property to rent in New Troy, 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.
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