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Cheap Homes in Romeo, MI

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Romeo, MI Foreclosures

Current Market Conditions in in Romeo, MI As of January 2026?
Over the past month, Romeo has seen a slight uptick in home sales, indicating a strong buyer interest. The inventory of homes has also begun to stabilize, which is promising for potential homeowners. Interest rates have remained relatively low, further encouraging buyers to enter the market before the holiday season. Consequently, sellers are adjusting prices in reaction to market activity, making it a balanced time for both parties.
How much do homes sell for in Romeo, MI?
The average home price is currently $386,306.
In Romeo, MI, how many homes are available?
There are currently 2 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 $3,542,529.
What is currently the cheapest priced home in Romeo, MI?
The cheapest home for sale in Romeo is priced at $24,728.

Living in Romeo, MI

Romeo, Michigan, is a charming small town located in Macomb County known for its picturesque downtown area and rich history. Residents enjoy a friendly community atmosphere with numerous local shops, restaurants, and parks. The town offers a mix of rural and suburban living, making it an ideal place for families and individuals looking for a peaceful environment.

Buyer vs Seller Market in Romeo, MI

The real estate market in Romeo has shown steady growth over the past few months, with an increase in demand for single-family homes. This trend is driven by the area's affordability compared to nearby urban centers.

Prices for homes in Romeo remain competitive, appealing to first-time homebuyers and those looking to relocate from larger cities. Buyers can expect to find a mix of traditional homes and new constructions, offering a variety of options to suit different lifestyles.

Home Value Estimator For Romeo, MI

There are currently 1,759 real estate properties in Romeo, MI, with a median automated valuation model (AVM) price of $342,462.00. 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 $386,306.00, with the most expensive house in Romeo, MI, topping out at $3,542,529.00 and the cheapest home in Romeo, MI, clocking in at $24,728.00. 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.

Cheap Homes in Romeo, MI

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