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Foreclosure Homes in Redford, MI

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Redford, MI Foreclosures

How much do homes sell for in Redford, MI?
The average home price is currently $176,690.
In Redford, MI, how many homes are available?
There are currently 284 active home listings available in Redford.
What’s the average rental cost in Redford, MI?
The average rental price in Redford is $1,217.
What is the most expensive home in Redford?
The most expensive home sold in Redford had a price of $7,599,427.
What is currently the cheapest priced home in Redford, MI?
The cheapest home for sale in Redford is priced at $10,431.

Living in Redford, MI

Redford, MI is a charming suburb of Detroit, known for its beautiful parks and strong community spirit. This area offers a range of housing options, from historical homes to modern constructions. With a solid educational system and a variety of local amenities, it is an ideal location for families and real estate investors alike.

Current Market Conditions in Redford, MI

The Redford real estate market has shown consistent growth over the past few years, driven by increased demand for affordable housing in suburban areas. Property values have steadily appreciated, making it an attractive destination for both homebuyers and investors looking to capitalize on this upward trend.

Investors can find a diverse array of properties with potential for rental income or resale gains. The combination of stable home prices and a strong rental market showcases Redford as a promising location for real estate investment.

Home Value Estimator For Redford, MI

There are currently 22,588 real estate properties in Redford, MI, with a median automated valuation model (AVM) price of $172,195.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Redford, 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 Redford, MI, is $176,690.00, with the most expensive house in Redford, MI, topping out at $7,599,427.00 and the cheapest home in Redford, MI, clocking in at $10,431.00. In other words, there’s something for every potential homebuyer or savvy investor in Redford, MI!

Rent Prices In Redford, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Redford, MI, is on a rollercoaster ride. The average rent price in Redford, MI, is $1,217.00. Indeed, when looking to rent in Redford, MI, you can expect to pay as little as $580.00 or as much as $2,920.00, 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 Redford, 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.

Redford, MI Foreclosures


Market Trend for Redford, MI

Total Listings Available: 284

Market Values:

Home Prices from $10,431 to $7,599,427

Average Sales Price: $176,690

Rental Values:

Rental from $580 to $2,920

Average Rent Value: $1,217 / month

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