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Preforeclosure Homes in Norway, MI

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Norway, MI Foreclosures

How much do homes sell for in Norway, MI?
The average home price is currently $156,358.
In Norway, MI, how many homes are available?
There are currently 2 active home listings available in Norway.
What’s the average rental cost in Norway, MI?
The average rental price in Norway is $1,457.
What is the most expensive home in Norway?
The most expensive home sold in Norway had a price of $730,476.
What is currently the cheapest priced home in Norway, MI?
The cheapest home for sale in Norway is priced at $19,824.

Living in Norway, MI

Norway, Michigan, is a charming small town located in the Upper Peninsula, rich in natural beauty and outdoor recreational opportunities. With its friendly community atmosphere and picturesque surroundings, it is a great place for families and retirees alike. Residents enjoy a slower pace of life, while still having access to local amenities and attractions.

Current Market Conditions in Norway, MI

The real estate market in Norway, MI has seen a moderate increase in demand, with home prices rising steadily over the past year. The median home price has experienced a mild uptick, reflecting the desirability of the area's natural beauty and outdoor lifestyle.

Inventory levels remain relatively low, creating a competitive market for buyers. Homes that are well-maintained and priced competitively tend to sell quickly, making it important for potential buyers to act fast when they find a property they like.

Home Value Estimator For Norway, MI

There are currently 1,501 real estate properties in Norway, MI, with a median automated valuation model (AVM) price of $128,166.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Norway, 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 Norway, MI, is $156,358.00, with the most expensive house in Norway, MI, topping out at $730,476.00 and the cheapest home in Norway, MI, clocking in at $19,824.00. In other words, there’s something for every potential homebuyer or savvy investor in Norway, MI!

Rent Prices In Norway, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Norway, MI, is on a rollercoaster ride. The average rent price in Norway, MI, is $1,457.00. Indeed, when looking to rent in Norway, MI, you can expect to pay as little as $670.00 or as much as $2,270.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Norway, 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.

Norway, MI Preforeclosure Homes


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