Owosso, MI Foreclosures
How much do homes sell for in Owosso, MI?
The average home price is currently $198,211.
In Owosso, MI, how many homes are available?
There are currently 64 active home listings available in Owosso.
What’s the average rental cost in Owosso, MI?
The average rental price in Owosso is $1,410.
What is the most expensive home in Owosso?
The most expensive home sold in Owosso had a price of $5,360,662.
What is currently the cheapest priced home in Owosso, MI?
The cheapest home for sale in Owosso is priced at $10,444.
Living in Owosso, MI
Owosso, Michigan, is a charming city known for its rich history and vibrant community. Located in Shiawassee County, Owosso offers a blend of small-town charm and modern amenities. Residents enjoy easy access to parks, local shops, and a strong sense of community in this picturesque Midwestern city.
Current Market Conditions in Owosso, MI
Owosso's real estate market is experiencing a steady increase in demand as families and first-time home buyers are drawn to the affordable housing options available. The average home price has seen gradual appreciation due to the area's desirable community features and overall favorable living conditions. Additionally, the historical charm of Owosso and ongoing community improvements continue to attract new residents, indicating a bolstered market.
In recent months, there has been a noticeable uptick in home sales, coupled with a decrease in inventory, which puts pressure on pricing. Buyers have reported facing competition in certain neighborhoods, suggesting a competitive market environment. However, compared to larger urban areas, Owosso remains an affordable option for those looking to settle in Michigan.
Home Value Estimator For Owosso, MI
There are currently 9,989 real estate properties
in Owosso, MI,
with a median automated valuation model (AVM) price
of $170,177.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Owosso, 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 Owosso, MI,
is $198,211.00, with the most expensive house
in Owosso, MI, topping out
at $5,360,662.00 and the cheapest home
in Owosso, MI,
clocking in at $10,444.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Owosso, MI!
Rent Prices
In Owosso, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Owosso, MI, is on
a rollercoaster ride. The
average rent price in Owosso, MI,
is $1,410.00. Indeed, when looking to rent in
Owosso, MI, you can expect to pay as little
as $700.00 or as much
as $2,700.00,
with the average rent median estimated to
be $1,400.00. The good news is that finding
an affordable and desirable property to rent in Owosso, 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.
Learn more on Foreclosure homes
