Parchment, MI Foreclosures
How much do homes sell for in Parchment, MI?
The average home price is currently $222,359.
What’s the average rental cost in Parchment, MI?
The average rental price in Parchment is $1,247.
What is the most expensive home in Parchment?
The most expensive home sold in Parchment had a price of $689,358.
What is currently the cheapest priced home in Parchment, MI?
The cheapest home for sale in Parchment is priced at $26,767.
Living in Parchment, MI
Parchment, Michigan, is a quaint small town renowned for its friendly community and historical charm. With a blend of local shops, parks, and family-friendly activities, it offers a peaceful yet engaging lifestyle just minutes from the amenities of Kalamazoo. Excellent schools and a welcoming atmosphere make Parchment a desirable location for families and newcomers alike.
Current Market Conditions in Parchment, MI
The real estate market in Parchment has been steadily growing, with a diverse range of homes available from modest single-family residences to larger family homes. The majority of homes in the area are well-maintained and cater to a family-centric market, with schools and parks nearby enhancing their appeal. Inventory is currently limited, which has led to some competition among buyers, driving prices slightly upwards over the past few months.
Many prospective homeowners are drawn to Parchment due to its affordable housing market compared to neighboring areas. The demand for homes has increased as more individuals and families seek a peaceful community with good schools and amenities. As a result, we are seeing a trend of properties selling quicker, which may signal a strong seller's market. It remains a great opportunity for buyers willing to act fast.
Home Value Estimator For Parchment, MI
There are currently 593 real estate properties
in Parchment, MI,
with a median automated valuation model (AVM) price
of $219,202.00. 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 $222,359.00, with the most expensive house
in Parchment, MI, topping out
at $689,358.00 and the cheapest home
in Parchment, MI,
clocking in at $26,767.00. 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 $1,247.00. 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.
Learn more on Foreclosure homes
