Walled Lake, MI Foreclosures
How much do homes sell for in Walled Lake, MI?
The average home price is currently $301,240.
In Walled Lake, MI, how many homes are available?
There are currently 31 active home listings available in Walled Lake.
What’s the average rental cost in Walled Lake, MI?
The average rental price in Walled Lake is $1,449.
What is the most expensive home in Walled Lake?
The most expensive home sold in Walled Lake had a price of $8,554,700.
What is currently the cheapest priced home in Walled Lake, MI?
The cheapest home for sale in Walled Lake is priced at $21,423.
Living in Walled Lake, MI
Walled Lake, MI, is a beautiful suburban city that offers a perfect blend of outdoor activities, a friendly community, and quality education. Nestled around a stunning lake, the area boasts charming shops and excellent parks, making it ideal for families and nature lovers. With its rich history and vibrant community events, Walled Lake is a great place to call home.
Current Market Conditions in Walled Lake, MI
The current real estate market in Walled Lake is showing signs of stability, with home prices experiencing moderate growth. As demand continues to rise, buyers are finding competitive offers, but the inventory of homes available for sale is gradually increasing, providing more choices for prospective homeowners.
There is a noticeable trend of young families and professionals moving into the Walled Lake area, driving a strong demand for housing. Developers are increasingly investing in new constructions and renovations of existing homes, aiming to meet the needs of this growing demographic.
Additionally, Walled Lake's proximity to major highways and employment centers in nearby cities is bolstering its appeal, encouraging continued interest among homebuyers.
Home Value Estimator For Walled Lake, MI
There are currently 3,577 real estate properties
in Walled Lake, MI,
with a median automated valuation model (AVM) price
of $263,748.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Walled 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 Walled Lake, MI,
is $301,240.00, with the most expensive house
in Walled Lake, MI, topping out
at $8,554,700.00 and the cheapest home
in Walled Lake, MI,
clocking in at $21,423.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Walled Lake, MI!
Rent Prices
In Walled Lake, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Walled Lake, MI, is on
a rollercoaster ride. The
average rent price in Walled Lake, MI,
is $1,449.00. Indeed, when looking to rent in
Walled Lake, MI, you can expect to pay as little
as $740.00 or as much
as $3,460.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Walled 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.
Learn more on Foreclosure homes
