Trenton, MI Home Values & Market Trends
Real estate market trends reflect that there have been 260 transactions over the past year in Trenton. The median value for residential home transactions that occurred over the previous year is $228,023.75. The number of current listings in Trenton is 14, and the percentage of properties for sale in the city is 14.00%. Trenton, MI currently has 9 properties in foreclosure, 2 bank owned properties, 7 properties headed for auction, and 14 properties for sale.
Trenton, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48183 | $ 220,704 $ 158/sqft |
Housing Market Summary for Trenton, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $182.4K | $220K | 20.57% |
Median Sold Price | $202.1K | $220K | 8.83% |
Homes For Sale | 14 | 11 | -21.43% |
Homes Sold | 245 | 169 | -31.02% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Trenton, MI
Browse Homes in Trenton, MI
Trenton home values range from $25,379 to $5,328,927. The median estimated value of a home in Trenton is $228,023.75. The median list price of a home is 230,000, and the total count of properties in the city is 7,101.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Trenton, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Trenton, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Trenton, MI ranges from the highest value of $140,147 in 48183 to the lowest value of $118,750 in 48183. Bank owned homes and properties account for 0.03% of properties in Trenton, MI. There is 1 zips within Trenton, MI; 48183 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48183 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Trenton, MI. Auction homes and other auction properties account for 0.10% of all properties in Trenton, MI. There is 1 zips within Trenton, MI; of that zips, the median estimated home value for homes going to auction ranges from $343,292 in 48183 to the lowest value of $112,232 in 48183.
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More Real Estate Resources for Trenton, MI
Guide for Trenton, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
In this guide, we list the methods that homeowners in financial distress can use to stop foreclosure fast.