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Foreclosures in Spruce, MI

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Spruce, MI Foreclosures

How much do homes sell for in Spruce, MI?
The average home price is currently $237,487.
In Spruce, MI, how many homes are available?
There are currently 6 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 $1,272,253.
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 serene rural community known for its natural beauty and close-knit atmosphere. The area offers a mix of outdoor activities, essential amenities, and local schools, making it a great place for families and those looking for a peaceful lifestyle. With scenic landscapes and a friendly community, Spruce is a hidden gem in northeastern Michigan.

Current Market Conditions in Spruce, MI

The real estate market in Spruce has been stable, showing signs of gradual growth over the past year. With its appeal to those looking for a tranquil lifestyle, more buyers are converting to this area, leading to increased demand for housing. Homes in the area range from quaint cottages to larger family homes, catering to various budgets and preferences.

Given the market trend towards rural living, Spruce's property values are anticipated to continue their upward trajectory as more people seek a retreat from urban environments.

Home Value Estimator For Spruce, MI

There are currently 963 real estate properties in Spruce, MI, with a median automated valuation model (AVM) price of $197,904.00. 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 $237,487.00, with the most expensive house in Spruce, MI, topping out at $1,272,253.00 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.

Spruce, MI Foreclosures


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