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Foreclosures 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 $210,570.
In Southgate, MI, how many homes are available?
There are currently 2 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 $20,823,538.
What is currently the cheapest priced home in Southgate, MI?
The cheapest home for sale in Southgate is priced at $13,240.

Living in Southgate, MI

Southgate is a suburb of Detroit located in Wayne County, known for its friendly community atmosphere and plentiful amenities. The city offers a variety of recreational parks and is conveniently located near several shopping centers, restaurants, and schools, making it a great place for families and individuals alike. With easy access to major highways, residents enjoy a convenient commute to nearby Detroit and other surrounding areas.

Current Market Conditions in Southgate, MI

In Southgate, the real estate market remains active, with home values steadily increasing. The average days on market for homes has decreased over the past few months, indicating a competitive market, particularly for family homes and properties with good school district ratings. Investors are drawn to the area due to its affordability compared to nearby cities.

Rental properties are performing well due to demand from individuals who prefer suburban living while working in Detroit. The local market has seen an influx of new listings, providing more options to potential buyers and renters.

Home Value Estimator For Southgate, MI

There are currently 10,464 real estate properties in Southgate, MI, with a median automated valuation model (AVM) price of $200,117.00. 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 $210,570.00, with the most expensive house in Southgate, MI, topping out at $20,823,538.00 and the cheapest home in Southgate, MI, clocking in at $13,240.00. 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

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