Warren, MI Foreclosures
How much do homes sell for in Warren, MI?
The average home price is currently $210,473.
In Warren, MI, how many homes are available?
There are currently 11 active home listings available in Warren.
What’s the average rental cost in Warren, MI?
The average rental price in Warren is $1,181.
What is the most expensive home in Warren?
The most expensive home sold in Warren had a price of $71,181,500.
What is currently the cheapest priced home in Warren, MI?
The cheapest home for sale in Warren is priced at $10,013.
Living in Warren, MI
Warren, MI, is a suburban oasis located just outside Detroit, known for its strong community vibe and access to urban amenities. The city features a diverse array of parks, shopping centers, and schools, making it a great choice for families. Its convenient location and recreational facilities further bolster its appeal to potential residents.
Current Market Conditions in Warren, MI
Warren's real estate market has shown steady growth over the past year, with an increase in home values by approximately 5%. The demand for affordable housing in the area has led to a competitive market, making it an opportune time for both buyers and investors to engage.
Inventory levels have been slightly lower than expected, resulting in quicker sales and, in some cases, bidding wars. However, the presence of various price ranges in housing, from more affordable options to higher-end homes, ensures varied opportunities for different buyers.
Home Value Estimator For Warren, MI
There are currently 50,313 real estate properties
in Warren, MI,
with a median automated valuation model (AVM) price
of $216,347.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Warren, 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 Warren, MI,
is $210,473.00, with the most expensive house
in Warren, MI, topping out
at $71,181,500.00 and the cheapest home
in Warren, MI,
clocking in at $10,013.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Warren, MI!
Rent Prices
In Warren, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Warren, MI, is on
a rollercoaster ride. The
average rent price in Warren, MI,
is $1,181.00. Indeed, when looking to rent in
Warren, MI, you can expect to pay as little
as $580.00 or as much
as $2,460.00,
with the average rent median estimated to
be $1,230.00. The good news is that finding
an affordable and desirable property to rent in Warren, 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
