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Foreclosure Homes in Southgate, MI

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Southgate, MI Foreclosures

How much do homes sell for in Southgate, MI?
The average home price is currently $210,666.
In Southgate, MI, how many homes are available?
There are currently 87 active home listings available in Southgate.
What’s the average rental cost in Southgate, MI?
The average rental price in Southgate is $1,203.
What is the most expensive home in Southgate?
The most expensive home sold in Southgate had a price of $20,507,236.
What is currently the cheapest priced home in Southgate, MI?
The cheapest home for sale in Southgate is priced at $13,263.

Living in Southgate, MI

Southgate, MI is a vibrant suburban community known for its family-friendly atmosphere and convenient access to Detroit. It boasts excellent schools, numerous parks, and a variety of shopping and dining options. With its strong sense of community and well-maintained public services, Southgate is an ideal place for families and commuters.

Current Market Conditions in Southgate, MI

The Southgate real estate market is currently experiencing a steady increase in home values, driven by demand from buyers seeking affordable options near Detroit. This trend indicates a healthy market with potential for investment opportunities.

In recent months, the area has seen an uptick in inventory as more sellers list their homes, providing buyers with a wider range of choices. However, strong demand continues to put upward pressure on prices.

Home Value Estimator For Southgate, MI

There are currently 10,452 real estate properties in Southgate, MI, with a median automated valuation model (AVM) price of $199,644.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Southgate, 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 Southgate, MI, is $210,666.00, with the most expensive house in Southgate, MI, topping out at $20,507,236.00 and the cheapest home in Southgate, MI, clocking in at $13,263.00. In other words, there’s something for every potential homebuyer or savvy investor in Southgate, MI!

Rent Prices In Southgate, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Southgate, MI, is on a rollercoaster ride. The average rent price in Southgate, MI, is $1,203.00. Indeed, when looking to rent in Southgate, MI, you can expect to pay as little as $660.00 or as much as $2,520.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Southgate, 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.

Southgate, MI Foreclosures

Market Trend for Southgate, MI

Total Listings Available: 87

Market Values:

Home Prices from $13,263 to $20,507,236

Average Sales Price: $210,666

Rental Values:

Rental from $660 to $2,520

Average Rent Value: $1,203 / month

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