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Foreclosure Homes in Wakefield, MI

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Wakefield, MI Foreclosures

How much do homes sell for in Wakefield, MI?
The average home price is currently $124,534.
In Wakefield, MI, how many homes are available?
There are currently 2 active home listings available in Wakefield.
What’s the average rental cost in Wakefield, MI?
The average rental price in Wakefield is $1,195.
What is the most expensive home in Wakefield?
The most expensive home sold in Wakefield had a price of $836,616.
What is currently the cheapest priced home in Wakefield, MI?
The cheapest home for sale in Wakefield is priced at $15,450.

Living in Wakefield, MI

Wakefield, Michigan is a charming small town located in the scenic western Upper Peninsula, known for its serene surroundings and close-knit community. Residents enjoy a relaxed lifestyle with access to several outdoor recreational activities, including hiking, fishing, and snowmobiling in the winter months. The town’s picturesque landscapes and rich heritage contribute to a friendly, welcoming atmosphere.

Current Market Conditions in Wakefield, MI

The real estate market in Wakefield has shown steady growth over the past year with an increase in demand for homes due to its attractive location near recreational areas. Properties in Wakefield are appealing to both seasonal buyers and those seeking permanent residency.

While property inventory has been somewhat limited, the increasing interest has led to competitive bidding situations on some homes, particularly those that are well-maintained and affordable. Investors are also exploring the potential for vacation rentals in the region.

Home Value Estimator For Wakefield, MI

There are currently 959 real estate properties in Wakefield, MI, with a median automated valuation model (AVM) price of $95,384.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wakefield, 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 Wakefield, MI, is $124,534.00, with the most expensive house in Wakefield, MI, topping out at $836,616.00 and the cheapest home in Wakefield, MI, clocking in at $15,450.00. In other words, there’s something for every potential homebuyer or savvy investor in Wakefield, MI!

Rent Prices In Wakefield, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wakefield, MI, is on a rollercoaster ride. The average rent price in Wakefield, MI, is $1,195.00. Indeed, when looking to rent in Wakefield, MI, you can expect to pay as little as $540.00 or as much as $2,500.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Wakefield, 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.

Wakefield, MI Foreclosures


Market Trend for Wakefield, MI

Total Listings Available: 2

Market Values:

Home Prices from $15,450 to $836,616

Average Sales Price: $124,534

Rental Values:

Rental from $540 to $2,500

Average Rent Value: $1,195 / month

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