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Short Sale Listings in Sylvan Lake, MI 48320

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Sylvan Lake, MI Foreclosures

How much do homes sell for in Sylvan Lake, MI?
The average home price is currently $474,610.
In Sylvan Lake, MI, how many homes are available?
There are currently 3 active home listings available in Sylvan Lake.
What’s the average rental cost in Sylvan Lake, MI?
The average rental price in Sylvan Lake is $1,688.
What is the most expensive home in Sylvan Lake?
The most expensive home sold in Sylvan Lake had a price of $2,455,082.
What is currently the cheapest priced home in Sylvan Lake, MI?
The cheapest home for sale in Sylvan Lake is priced at $155,000.

Living in Sylvan Lake, MI

Sylvan Lake, MI, is a picturesque small city famous for its beautiful lake and tranquil surroundings. It offers a strong sense of community, with numerous local amenities and outdoor activities available. With its easy access to major highways and proximity to Detroit, it provides an ideal setting for both peaceful living and urban convenience.

Current Market Conditions in Sylvan Lake, MI

The real estate market in Sylvan Lake remains competitive, with a high interest in properties due to the area's serene environment and access to waterfront activities. Home prices have been steadily increasing as more buyers seek homes that offer a retreat from the city while still being close enough for commuting.

Investments in local infrastructure and community development have positively impacted the real estate market. New housing developments and renovations of older homes are on the rise, catering to families and retirees alike.

Home Value Estimator For Sylvan Lake, MI

There are currently 782 real estate properties in Sylvan Lake, MI, with a median automated valuation model (AVM) price of $360,378.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sylvan Lake, 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 Sylvan Lake, MI, is $474,610.00, with the most expensive house in Sylvan Lake, MI, topping out at $2,455,082.00 and the cheapest home in Sylvan Lake, MI, clocking in at $155,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Sylvan Lake, MI!

Rent Prices In Sylvan Lake, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sylvan Lake, MI, is on a rollercoaster ride. The average rent price in Sylvan Lake, MI, is $1,688.00. Indeed, when looking to rent in Sylvan Lake, MI, you can expect to pay as little as $800.00 or as much as $3,120.00, with the average rent median estimated to be $1,570.00. The good news is that finding an affordable and desirable property to rent in Sylvan Lake, 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.

Sylvan Lake, MI 48320 Short Sale Listings

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