Salem, MI Foreclosures
How much do homes sell for in Salem, MI?
The average home price is currently $323,242.
In Salem, MI, how many homes are available?
There are currently 356 active home listings available in Salem.
What’s the average rental cost in Salem, MI?
The average rental price in Salem is $1,781.
What is the most expensive home in Salem?
The most expensive home sold in Salem had a price of $829,164.
What is currently the cheapest priced home in Salem, MI?
The cheapest home for sale in Salem is priced at $80,295.
Living in Salem, MI
Salem, MI, is a charming suburban town known for its family-friendly atmosphere, with excellent schools and a variety of parks. The community offers a welcoming environment with plenty of outdoor activities and a peaceful lifestyle, making it an ideal place for families and nature enthusiasts.
Current Market Conditions in Salem, MI
The real estate market in Salem, MI, is currently showing strong demand with home prices gradually increasing. The area has seen a steady influx of families and individuals seeking the benefits of suburban living combined with proximity to urban centers.
Market trends indicate a growing interest in Salem due to its appealing amenities and community environment. As more residents are drawn to the area, home values are on the rise, leading to a competitive market.
Home Value Estimator For Salem, MI
There are currently 48 real estate properties
in Salem, MI,
with a median automated valuation model (AVM) price
of $310,361.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Salem, 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 Salem, MI,
is $323,242.00, with the most expensive house
in Salem, MI, topping out
at $829,164.00 and the cheapest home
in Salem, MI,
clocking in at $80,295.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Salem, MI!
Rent Prices
In Salem, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Salem, MI, is on
a rollercoaster ride. The
average rent price in Salem, MI,
is $1,781.00. Indeed, when looking to rent in
Salem, MI, you can expect to pay as little
as $1,180.00 or as much
as $2,280.00,
with the average rent median estimated to
be $1,780.00. The good news is that finding
an affordable and desirable property to rent in Salem, 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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