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Foreclosure Homes in Reese, MI

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Reese, MI Foreclosures

How much do homes sell for in Reese, MI?
The average home price is currently $216,006.
In Reese, MI, how many homes are available?
There are currently 9 active home listings available in Reese.
What’s the average rental cost in Reese, MI?
The average rental price in Reese is $1,337.
What is the most expensive home in Reese?
The most expensive home sold in Reese had a price of $1,494,093.
What is currently the cheapest priced home in Reese, MI?
The cheapest home for sale in Reese is priced at $15,180.

Living in Reese, MI

Reese, MI is a charming village known for its friendly community and rural aesthetics. Offering a slower-paced lifestyle surrounded by nature, it is an excellent place for families and those seeking tranquility. The village features essential amenities, schools, and ample outdoor activities for residents to enjoy.

Current Market Conditions in Reese, MI

The real estate market in Reese is stable with a moderate level of activity. With its rural charm, the area has attracted families seeking affordable housing options away from urban centers. Prices have shown a consistent incline, making it a desirable location for first-time homebuyers and investors alike.

Homes in the Reese area typically enjoy strong demand, particularly for single-family homes. The local market has been influenced by a mix of new listings and a limited inventory, which has kept home prices relatively affordable compared to neighboring urban areas.

Home Value Estimator For Reese, MI

There are currently 1,268 real estate properties in Reese, MI, with a median automated valuation model (AVM) price of $201,520.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Reese, 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 Reese, MI, is $216,006.00, with the most expensive house in Reese, MI, topping out at $1,494,093.00 and the cheapest home in Reese, MI, clocking in at $15,180.00. In other words, there’s something for every potential homebuyer or savvy investor in Reese, MI!

Rent Prices In Reese, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Reese, MI, is on a rollercoaster ride. The average rent price in Reese, MI, is $1,337.00. Indeed, when looking to rent in Reese, MI, you can expect to pay as little as $740.00 or as much as $2,560.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Reese, 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.

Reese, MI Foreclosures


Market Trend for Reese, MI

Total Listings Available: 9

Market Values:

Home Prices from $15,180 to $1,494,093

Average Sales Price: $216,006

Rental Values:

Rental from $740 to $2,560

Average Rent Value: $1,337 / month

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