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Short Sale Listings in Riverview, MI

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Living in Riverview, MI

Riverview, MI, is a charming suburban city located near Detroit, featuring a family-oriented environment with access to parks, shops, and schools. The community provides a blend of leisure activities along the Detroit River while supporting educational institutions. Its convenient location makes it ideal for residents commuting to the metropolitan area.

Current Market Conditions in Riverview, MI

The real estate market in Riverview has been showing steady growth in recent years, with a balanced mix of single-family homes and townhouses appealing to diverse buyers. Home values have appreciated moderately, indicating a stable investment environment for prospective homeowners and investors.

With new developments and a consistent demand for housing, Riverview is positioned as a desirable location for real estate investment, particularly for those looking to capitalize on affordable home prices relative to the broader Detroit metropolitan area.

Home Value Estimator For Riverview, MI

There are currently 3,767 real estate properties in Riverview, MI, with a median automated valuation model (AVM) price of $229,593.00. 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 $249,320.00, with the most expensive house in Riverview, MI, topping out at $5,197,273.00 and the cheapest home in Riverview, MI, clocking in at $10,016.00. 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.

Riverview, MI Short Sale Listings


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