Spruce, MI Foreclosures
How much do homes sell for in Spruce, MI?
The average home price is currently $236,566.
In Spruce, MI, how many homes are available?
There are currently 1 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 $1,257,738.
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
Nestled in the heart of northern Michigan, Spruce is a quaint town offering a peaceful retreat surrounded by nature. With easy access to outdoor activities and a friendly community vibe, it's an ideal place for families and retirees alike.
Current Market Conditions in Spruce, MI
The real estate market in Spruce, MI, is showing steady growth, driven by demand for seasonal homes and year-round residences. The serene environment and low property prices attract homebuyers looking for vacation properties, leading to increased competition for available listings.
Currently, the market is favoring sellers, with homes often receiving multiple offers shortly after being listed. The average days on the market have decreased over the past few months, indicating a robust interest in property in the area, particularly single-family homes and cottages.
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 $196,185.00. 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 $236,566.00, with the most expensive house
in Spruce, MI, topping out
at $1,257,738.00 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
