Riverview, MI Foreclosures
How much do homes sell for in Riverview, MI?
The average home price is currently $255,649.
In Riverview, MI, how many homes are available?
There are currently 35 active home listings available in Riverview.
What’s the average rental cost in Riverview, MI?
The average rental price in Riverview is $1,375.
What is the most expensive home in Riverview?
The most expensive home sold in Riverview had a price of $9,509,494.
What is currently the cheapest priced home in Riverview, MI?
The cheapest home for sale in Riverview is priced at $10,018.
Living in Riverview, MI
Riverview is a charming city located within Wayne County, Michigan, situated near the Detroit River. It offers a suburban feel, with an array of parks and recreational areas that cater to families and outdoor enthusiasts. The community is known for its friendly atmosphere, cultural events, and various amenities that make it an attractive choice for homebuyers.
Current Market Conditions in Riverview, MI
Riverview's real estate market has shown steady growth over the past few years, with increasing interest from homebuyers seeking affordable suburban living close to Detroit. The demand for homes in Riverview has kept prices relatively stable, and a variety of properties from single-family homes to townhouses are available to suit different buyers’ needs. Rental properties are also in demand as many individuals and families look to settle in Riverview while enjoying the amenities of the area.
With an emphasis on community development and infrastructure improvements, Riverview’s real estate market is expected to remain competitive. The city continues to attract younger families, driven by its educational facilities, parks, and community events. As a result, property values are predicted to increase, making it a favorable market for both buyers and investors.
Home Value Estimator For Riverview, MI
There are currently 3,854 real estate properties
in Riverview, MI,
with a median automated valuation model (AVM) price
of $233,746.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Riverview, 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 Riverview, MI,
is $255,649.00, with the most expensive house
in Riverview, MI, topping out
at $9,509,494.00 and the cheapest home
in Riverview, MI,
clocking in at $10,018.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Riverview, MI!
Rent Prices
In Riverview, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Riverview, MI, is on
a rollercoaster ride. The
average rent price in Riverview, MI,
is $1,375.00. Indeed, when looking to rent in
Riverview, MI, you can expect to pay as little
as $690.00 or as much
as $2,350.00,
with the average rent median estimated to
be $1,360.00. The good news is that finding
an affordable and desirable property to rent in Riverview, 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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