Algonac, MI Home Values & Market Trends

Real estate market trends reflect that there have been 104 transactions over the past year in Algonac. The median value for residential home transactions that occurred over the previous year is $193,180.96. The number of current listings in Algonac is 14, and the percentage of properties for sale in the city is 14.00%. Algonac, MI currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 14 properties for sale.

Algonac, MI Real Estate Market Overview

ZipMedian Est. Value
48001

$ 218,366

$ 161/sqft

Housing Market Summary for Algonac, MI

Mar 2023February 2024Change
Median Listing Price$165K$171.7K4.05%
Median Sold Price$103.9K$171.7K65.29%
Homes For Sale119-18.18%
Homes Sold20161-69.65%
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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 Algonac, MI

Algonac home values range from $19,343 to $3,467,728. The median estimated value of a home in Algonac is $193,180.96. The median list price of a home is 199,900, and the total count of properties in the city is 2,250.

Foreclosure
There is 1 zips within Algonac, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $424,162 in 48001 to the lowest value of $124,900 in 48001. Foreclosure homes account for 0.00% of properties in Algonac, MI with 48001 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Algonac, 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 Algonac, 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 Algonac, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Algonac, MI. There is 1 zips within Algonac, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48001 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Algonac, MI. Auction homes and other auction properties account for 0.13% of all properties in Algonac, MI. There is 1 zips within Algonac, MI; of that zips, the median estimated home value for homes going to auction ranges from $424,162 in 48001 to the lowest value of $124,900 in 48001.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.62% of residential properties in Algonac, MI with 48001 containing 22 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Algonac, MI; homes for sale in that zips, have a range of median values from $1,300,000 in 48001 to the lowest value of $34,125 in 48001.
    Sold Homes
    The median value for recently sold homes ranges from $1,268,627 in 48001 to the lowest price of $35,574 in 48001. There is 1 zips within Algonac, MI. 48001 has 128 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.40% of properties in Algonac, MI.

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      Guide for Algonac, 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
      Market Reports
      Newark Real Estate Market Report, March 2024
      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

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.