Foreclosure Homes in Pontiac, MI 48342

Current Market Conditions in Pontiac, MI

The current real estate market in Pontiac is characterized by a growing demand for homes, with an increasing number of buyers seeking properties in the area due to its affordability compared to neighboring cities. The inventory of homes for sale has become competitive, leading to a rise in home values and making Pontiac an attractive option for first-time home buyers and investors alike.

In the last year, the housing market in Pontiac has seen a significant increase in both home values and sales activity, which indicates a recovering market. Many homes are being bought above listing price, and the number of days on the market for homes has decreased, suggesting that potential buyers are eager to make offers promptly.

Rent Prices In Pontiac, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pontiac, MI, is on a rollercoaster ride. The average rent price in Pontiac, MI, is $1,044.00. Indeed, when looking to rent in Pontiac, MI, you can expect to pay as little as $530.00 or as much as $2,620.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Pontiac, 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.