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Preforeclosure Homes in Romeo, MI 48065

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Romeo, MI Foreclosures

How much do homes sell for in Romeo, MI?
The average home price is currently $360,155.
In Romeo, MI, how many homes are available?
There are currently 1 active home listings available in Romeo.
What’s the average rental cost in Romeo, MI?
The average rental price in Romeo is $1,454.
What is the most expensive home in Romeo?
The most expensive home sold in Romeo had a price of $2,269,673.
What is currently the cheapest priced home in Romeo, MI?
The cheapest home for sale in Romeo is priced at $49,603.

Living in Romeo, MI

Romeo, Michigan, is a picturesque village with a friendly atmosphere and a strong sense of community. Known for its historic charm, Romeo offers a range of local amenities and outdoor activities, making it a great place for families and nature lovers. Enjoy the peaceful surroundings while still being close to larger metropolitan areas.

Current Market Conditions in Romeo, MI

The real estate market in Romeo, MI, is currently experiencing a steady increase in demand. Homes are selling quickly, and prices have shown a consistent upward trend in recent months. The balance of supply and demand is slightly tilted towards sellers, creating competitive bidding in desirable areas.

New construction is also on the rise, catering to families looking for modern amenities in a quaint setting. The market is particularly favorable for first-time homebuyers, with a mix of affordable options and higher-end homes available.

Home Value Estimator For Romeo, MI

There are currently 1,407 real estate properties in Romeo, MI, with a median automated valuation model (AVM) price of $318,775.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Romeo, 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 Romeo, MI, is $360,155.00, with the most expensive house in Romeo, MI, topping out at $2,269,673.00 and the cheapest home in Romeo, MI, clocking in at $49,603.00. In other words, there’s something for every potential homebuyer or savvy investor in Romeo, MI!

Rent Prices In Romeo, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Romeo, MI, is on a rollercoaster ride. The average rent price in Romeo, MI, is $1,454.00. Indeed, when looking to rent in Romeo, MI, you can expect to pay as little as $620.00 or as much as $2,540.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Romeo, 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.

Romeo, MI 48065 Preforeclosure Homes


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