Single-family Foreclosures in Walled Lake, MI 48390

Current Market Conditions in Walled Lake, MI

Walled Lake's real estate market demonstrates steadfast activity, with a steady interest in homes from first-time buyers to those looking to downsize or invest. The demand remains strong due to the appeal of its lakefront and the quality of schools available, contributing to a balanced market. New listings have been competitive, leading to quicker sales compared to previous years, particularly during the spring and summer months.

The area has seen a shift towards a slight increase in home values over the past year, attributed to the low inventory and high demand. As more buyers recognize the unique advantages of living near Walled Lake, sellers are receiving favorable offers, enhancing market conditions further.

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.