Wayne, MI Foreclosures
How much do homes sell for in Wayne, MI?
The average home price is currently $183,564.
In Wayne, MI, how many homes are available?
There are currently 2 active home listings available in Wayne.
What’s the average rental cost in Wayne, MI?
The average rental price in Wayne is $1,030.
What is the most expensive home in Wayne?
The most expensive home sold in Wayne had a price of $4,616,494.
What is currently the cheapest priced home in Wayne, MI?
The cheapest home for sale in Wayne is priced at $19,714.
Living in Wayne, MI
Wayne, MI, offers a charming community atmosphere with a blend of historic heritage and modern amenities. Its affordable housing market, coupled with numerous parks and recreational areas, make it an attractive option for families and individuals. With easy access to major highways and nearby cities, Wayne is an ideal place to settle down.
Current Market Conditions in Wayne, MI
The real estate market in Wayne, MI, is currently favorable for buyers, with a diverse selection of homes available at varying price points. Home prices have remained stable, and there is a healthy turnover of inventory, indicating a balanced market for both buyers and sellers.
Over the past year, the market has shown signs of appreciation as the local economy recovers, driving demand for housing. However, the market is still considered affordable compared to larger metropolitan areas in Michigan.
Home Value Estimator For Wayne, MI
There are currently 5,514 real estate properties
in Wayne, MI,
with a median automated valuation model (AVM) price
of $167,314.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wayne, 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 Wayne, MI,
is $183,564.00, with the most expensive house
in Wayne, MI, topping out
at $4,616,494.00 and the cheapest home
in Wayne, MI,
clocking in at $19,714.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wayne, MI!
Rent Prices
In Wayne, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wayne, MI, is on
a rollercoaster ride. The
average rent price in Wayne, MI,
is $1,030.00. Indeed, when looking to rent in
Wayne, MI, you can expect to pay as little
as $580.00 or as much
as $2,140.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Wayne, 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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