Waterford, MI Foreclosures
Current Market Conditions in in Waterford, MI As of February 2026?
In the past month, the real estate market in Waterford, MI has exhibited slightly increased activity, with a noticeable rise in showings and open houses as buyers aim to settle before the winter months. Home prices have stabilized with a minimal increase, indicating a healthy demand despite seasonal changes. Inventory remains low, leading to competitive bidding situations for desirable properties. Overall, the market remains robust, reflecting confidence among buyers and sellers alike.
How much do homes sell for in Waterford, MI?
The average home price is currently $320,848.
In Waterford, MI, how many homes are available?
There are currently 29 active home listings available in Waterford.
What’s the average rental cost in Waterford, MI?
The average rental price in Waterford is $1,402.
What is the most expensive home in Waterford?
The most expensive home sold in Waterford had a price of $13,069,897.
What is currently the cheapest priced home in Waterford, MI?
The cheapest home for sale in Waterford is priced at $10,604.
Living in Waterford, MI
Waterford, MI is a charming suburban community located in Oakland County, characterized by its abundant lakes, parks, and family-friendly environment. The area offers a vibrant lifestyle with numerous local amenities, events, and highly-rated schools, making it ideal for families and outdoor enthusiasts alike.
Buyer vs Seller Market in Waterford, MI
The real estate market in Waterford, MI has become increasingly competitive over the past year, with a notable rise in home prices. As demand continues to outweigh supply, prospective buyers are experiencing a fast-paced market. Interest rates remain moderate, encouraging buyers to explore options before prices rise further. Investors are also drawn to the area due to its potential for appreciation and strong rental demand.
Homes in Waterford have seen a steady increase in value over the last year, with many properties selling above listing price. The area has attracted a variety of buyers, including young families, retirees, and investors, contributing to a diverse real estate landscape.
Home Value Estimator For Waterford, MI
There are currently 27,712 real estate properties
in Waterford, MI,
with a median automated valuation model (AVM) price
of $271,248.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Waterford, 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 Waterford, MI,
is $320,848.00, with the most expensive house
in Waterford, MI, topping out
at $13,069,897.00 and the cheapest home
in Waterford, MI,
clocking in at $10,604.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Waterford, MI!
Rent Prices
In Waterford, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Waterford, MI, is on
a rollercoaster ride. The
average rent price in Waterford, MI,
is $1,402.00. Indeed, when looking to rent in
Waterford, MI, you can expect to pay as little
as $520.00 or as much
as $3,620.00,
with the average rent median estimated to
be $1,350.00. The good news is that finding
an affordable and desirable property to rent in Waterford, 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.
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