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Foreclosure Homes in Wakefield, MI 49968

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Wakefield, MI Foreclosures

How much do homes sell for in Wakefield, MI?
The average home price is currently $126,428.
In Wakefield, MI, how many homes are available?
There are currently 1 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 $832,441.
What is currently the cheapest priced home in Wakefield, MI?
The cheapest home for sale in Wakefield is priced at $10,132.

Living in Wakefield, MI

Wakefield is a small, charming town located in Gogebic County, Michigan. Known for its beautiful natural surroundings and outdoor recreational opportunities, Wakefield offers residents a peaceful lifestyle with a close-knit community feel. The area is ideal for nature enthusiasts, with numerous parks and lakes nearby.

Current Market Conditions in Wakefield, MI

Currently, the Wakefield real estate market is experiencing steady growth, bolstered by an increase in interest from buyers seeking second homes or vacation properties due to the area's natural beauty and recreational offerings. Homes are selling quickly, indicating a strong demand, especially among families and retirees looking for a peaceful setting.

The rental market is also showing strength, with an uptick in vacation rentals catering to seasonal visitors during the summer and winter months. This has led to an increase in property appreciation in the area.

Home Value Estimator For Wakefield, MI

There are currently 1,157 real estate properties in Wakefield, MI, with a median automated valuation model (AVM) price of $93,750.00. 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 $126,428.00, with the most expensive house in Wakefield, MI, topping out at $832,441.00 and the cheapest home in Wakefield, MI, clocking in at $10,132.00. 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 49968 Foreclosures


Market Trend for Wakefield, MI

Total Listings Available: 1

Market Values:

Home Prices from $10,132 to $832,441

Average Sales Price: $126,428

Rental Values:

Rental from $540 to $2,500

Average Rent Value: $1,195 / month

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