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Short Sale Listings in Romeo, MI

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Romeo, MI Foreclosures

How much do homes sell for in Romeo, MI?
The average home price is currently $359,824.
In Romeo, MI, how many homes are available?
There are currently 7 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 $2,255,466.
What is currently the cheapest priced home in Romeo, MI?
The cheapest home for sale in Romeo is priced at $25,087.

Living in Romeo, MI

Romeo, MI, is a picturesque village offering a blend of historical charm and modern convenience. Known for its strong community spirit and annual events, it provides an inviting atmosphere for families and individuals alike. With plenty of outdoor activities and local amenities, Romeo is an ideal place to call home.

Current Market Conditions in Romeo, MI

The real estate market in Romeo is experiencing steady growth, with an increase in demand for homes due to the area's appealing lifestyle and community-oriented environment. Recent trends show rising property values as more people move into the area in search of larger homes and good schools.

Homes are selling quickly, often above asking price, particularly in desirable neighborhoods. This trend is attributed to low inventory levels and a competitive buyer market, making it an opportune time for sellers.

Home Value Estimator For Romeo, MI

There are currently 1,408 real estate properties in Romeo, MI, with a median automated valuation model (AVM) price of $320,024.00. 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 $359,824.00, with the most expensive house in Romeo, MI, topping out at $2,255,466.00 and the cheapest home in Romeo, MI, clocking in at $25,087.00. 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 Short Sale Listings

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