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

ZipMedian Est. Value
48183

$ 220,704

$ 158/sqft

Housing Market Summary for Trenton, MI

Apr 2023March 2024Change
Median Listing Price$182.4K$220K20.57%
Median Sold Price$202.1K$220K8.83%
Homes For Sale1411-21.43%
Homes Sold245169-31.02%
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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%.

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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.

Foreclosure
There is 1 zips within Trenton, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $343,292 in 48183 to the lowest value of $112,232 in 48183. Foreclosure homes account for 0.00% of properties in Trenton, MI with 48183 containing 14 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    48183 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.20% of residential properties in Trenton, MI with 48183 containing 26 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Trenton, MI; homes for sale in that zips, have a range of median values from $424,900 in 48183 to the lowest value of $96,252 in 48183.
    Sold Homes
    The median value for recently sold homes ranges from $618,475 in 48183 to the lowest price of $24,944 in 48183. There is 1 zips within Trenton, MI. 48183 has 372 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.65% of properties in Trenton, MI.

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      Guide for Trenton, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Stopping a home foreclosure
      Foreclosure
      How to Stop a Home Foreclosure
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      Stopping a home foreclosure
      How to Stop a Home Foreclosure
      Foreclosure|posted 2 April 2024

      In this guide, we list the methods that homeowners in financial distress can use to stop foreclosure fast.

      Recently Listed Homes Trenton, MI

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