Parchment, MI Foreclosures
How much do homes sell for in Parchment, MI?
The average home price is currently $220,864.
In Parchment, MI, how many homes are available?
There are currently 1 active home listings available in Parchment.
What’s the average rental cost in Parchment, MI?
The average rental price in Parchment is $1,246.
What is the most expensive home in Parchment?
The most expensive home sold in Parchment had a price of $1,367,952.
What is currently the cheapest priced home in Parchment, MI?
The cheapest home for sale in Parchment is priced at $14,064.
Living in Parchment, MI
Parchment, MI is a quaint city known for its community spirit, charming parks, and proximity to Kalamazoo. With its rich history and scenic landscapes, it offers a perfect blend of suburban living and outdoor recreation. The local schools and amenities add to its appeal for families and outdoor enthusiasts alike.
Current Market Conditions in Parchment, MI
The real estate market in Parchment has shown signs of steady growth over the past couple of years. Homes in the area have been experiencing increasing demand due to the community ambiance and affordability compared to nearby Kalamazoo. New families are drawn to Parchment for its excellent school options and neighborhood atmosphere, which has led to a competitive housing market, particularly for single-family homes.
As of late 2023, the market remains relatively balanced, but inventory levels are tight, causing prices to slowly rise. With the ongoing interest in suburban living and available housing options for first-time buyers, real estate experts predict continued growth in Parchment's housing market. Buyers should be prepared to act quickly when a desirable property becomes available.
Home Value Estimator For Parchment, MI
There are currently 611 real estate properties
in Parchment, MI,
with a median automated valuation model (AVM) price
of $216,310.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Parchment, 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 Parchment, MI,
is $220,864.00, with the most expensive house
in Parchment, MI, topping out
at $1,367,952.00 and the cheapest home
in Parchment, MI,
clocking in at $14,064.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Parchment, MI!
Rent Prices
In Parchment, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Parchment, MI, is on
a rollercoaster ride. The
average rent price in Parchment, MI,
is $1,246.00. Indeed, when looking to rent in
Parchment, MI, you can expect to pay as little
as $680.00 or as much
as $2,130.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Parchment, 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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