Spruce, MI Foreclosures
How much do homes sell for in Spruce, MI?
The average home price is currently $239,605.
In Spruce, MI, how many homes are available?
There are currently 3 active home listings available in Spruce.
What’s the average rental cost in Spruce, MI?
The average rental price in Spruce is $1,505.
What is the most expensive home in Spruce?
The most expensive home sold in Spruce had a price of $1,336,869.
What is currently the cheapest priced home in Spruce, MI?
The cheapest home for sale in Spruce is priced at $14,819.
Living in Spruce, MI
Spruce, MI is a quaint rural community nestled in the heart of Alcona County. Known for its scenic beauty and outdoor recreational opportunities, this small town offers a peaceful lifestyle with a strong sense of community. Residents enjoy easy access to nature and local amenities while still being close to larger towns for additional conveniences.
Current Market Conditions in Spruce, MI
The real estate market in Spruce, MI remains stable, with a modest level of activity. Despite fewer listings than more populous areas, the demand for properties, particularly those with land, continues to attract homebuyers looking for a retreat from urban living. The homes can vary in styles, from classic family homes to rustic cabins, appealing to different buyers’ preferences.
Recently, there's been a noticeable trend where more individuals seek homes in Spruce and similar rural locations due to the increase in remote working options. This has led to a slight uptick in seller listings, as those looking to capitalize on the market are listing properties at competitive prices.
Home Value Estimator For Spruce, MI
There are currently 1,076 real estate properties
in Spruce, MI,
with a median automated valuation model (AVM) price
of $198,435.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spruce, 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 Spruce, MI,
is $239,605.00, with the most expensive house
in Spruce, MI, topping out
at $1,336,869.00 and the cheapest home
in Spruce, MI,
clocking in at $14,819.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spruce, MI!
Rent Prices
In Spruce, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spruce, MI, is on
a rollercoaster ride. The
average rent price in Spruce, MI,
is $1,505.00. Indeed, when looking to rent in
Spruce, MI, you can expect to pay as little
as $880.00 or as much
as $2,440.00,
with the average rent median estimated to
be $1,520.00. The good news is that finding
an affordable and desirable property to rent in Spruce, 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
