Sumner, MI Foreclosures
How much do homes sell for in Sumner, MI?
The average home price is currently $187,108.
What’s the average rental cost in Sumner, MI?
The average rental price in Sumner is $1,413.
What is the most expensive home in Sumner?
The most expensive home sold in Sumner had a price of $783,752.
What is currently the cheapest priced home in Sumner, MI?
The cheapest home for sale in Sumner is priced at $10,367.
Living in Sumner, MI
Sumner, MI, is a quaint village that offers a peaceful rural lifestyle with close-knit community vibes. Surrounded by picturesque nature, it provides ample recreational opportunities for outdoor activities. With a focus on family life and access to essential amenities, Sumner is an ideal choice for those seeking tranquility away from city bustle.
Current Market Conditions in Sumner, MI
The real estate market in Sumner is seeing a gradual increase in demand as more families and retirees seek the quieter, rural lifestyle that the village offers. The inventory of available homes has been tighter in recent months, prompting a rise in home prices as buyers are eager to purchase. Overall, the market remains stable with moderate growth, indicating a healthy interest in the area.
As homebuyers look to escape urban areas due to the pandemic, Sumner has emerged as an attractive option for those seeking affordability and a serene environment. The market is competitive, with properties receiving multiple offers, highlighting the desirability of the locale.
Home Value Estimator For Sumner, MI
There are currently 474 real estate properties
in Sumner, MI,
with a median automated valuation model (AVM) price
of $176,889.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sumner, 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 Sumner, MI,
is $187,108.00, with the most expensive house
in Sumner, MI, topping out
at $783,752.00 and the cheapest home
in Sumner, MI,
clocking in at $10,367.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sumner, MI!
Rent Prices
In Sumner, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sumner, MI, is on
a rollercoaster ride. The
average rent price in Sumner, MI,
is $1,413.00. Indeed, when looking to rent in
Sumner, MI, you can expect to pay as little
as $770.00 or as much
as $2,390.00,
with the average rent median estimated to
be $1,450.00. The good news is that finding
an affordable and desirable property to rent in Sumner, 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
