Silverwood, MI Foreclosures
How much do homes sell for in Silverwood, MI?
The average home price is currently $176,866.
In Silverwood, MI, how many homes are available?
There are currently 2 active home listings available in Silverwood.
What’s the average rental cost in Silverwood, MI?
The average rental price in Silverwood is $1,144.
What is the most expensive home in Silverwood?
The most expensive home sold in Silverwood had a price of $1,210,200.
What is currently the cheapest priced home in Silverwood, MI?
The cheapest home for sale in Silverwood is priced at $15,805.
Living in Silverwood, MI
Silverwood, located in the scenic state of Michigan, is a quiet rural community that offers a peaceful, small-town atmosphere. With its proximity to natural beauties and outdoor activities, this area is ideal for those seeking a tranquil lifestyle away from the hustle and bustle. Residents enjoy a strong sense of community and access to local amenities.
Current Market Conditions in Silverwood, MI
The real estate market in Silverwood, MI is currently experiencing a steady increase in demand, with more potential buyers showing interest in properties due to the area's appealing rural setting. Homes in Silverwood are relatively affordable compared to nearby urban areas, making it an attractive option for first-time buyers and investors.
As more people seek out quieter living conditions post-pandemic, the trend toward remote work encourages individuals and families to move to Silverwood, thus driving home prices upward. This trend appears to be consistent, with a growing community interested in rural lifestyles.
Home Value Estimator For Silverwood, MI
There are currently 645 real estate properties
in Silverwood, MI,
with a median automated valuation model (AVM) price
of $141,372.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Silverwood, 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 Silverwood, MI,
is $176,866.00, with the most expensive house
in Silverwood, MI, topping out
at $1,210,200.00 and the cheapest home
in Silverwood, MI,
clocking in at $15,805.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Silverwood, MI!
Rent Prices
In Silverwood, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Silverwood, MI, is on
a rollercoaster ride. The
average rent price in Silverwood, MI,
is $1,144.00. Indeed, when looking to rent in
Silverwood, MI, you can expect to pay as little
as $550.00 or as much
as $2,170.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Silverwood, 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.
Learn more on Foreclosure homes
