Whitmore Lake, MI Home Values & Market Trends
Real estate market trends reflect that there have been 181 transactions over the past year in Whitmore Lake. The median value for residential home transactions that occurred over the previous year is $339,709.98. The number of current listings in Whitmore Lake is 15, and the percentage of properties for sale in the city is 15.00%. Whitmore Lake, MI currently has 6 properties in foreclosure, 1 bank owned properties, 5 properties headed for auction, and 15 properties for sale.
Whitmore Lake, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48189 | $ 371,000 $ 214/sqft |
Housing Market Summary for Whitmore Lake, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $338.8K | $339K | 0.05% |
Median Sold Price | $330.7K | $339K | 2.51% |
Homes For Sale | 14 | 11 | -21.43% |
Homes Sold | 137 | 97 | -29.20% |
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 Whitmore Lake, MI
Browse Homes in Whitmore Lake, MI
Whitmore Lake home values range from $23,618 to $3,198,405. The median estimated value of a home in Whitmore Lake is $339,709.98. The median list price of a home is 440,000, and the total count of properties in the city is 5,518.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Whitmore Lake, 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 Whitmore Lake, 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 Whitmore Lake, MI ranges from the highest value of $250,143 in 48189 to the lowest value of $250,143 in 48189. Bank owned homes and properties account for 0.02% of properties in Whitmore Lake, MI. There is 1 zips within Whitmore Lake, MI; 48189 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48189 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Whitmore Lake, MI. Auction homes and other auction properties account for 0.09% of all properties in Whitmore Lake, MI. There is 1 zips within Whitmore Lake, MI; of that zips, the median estimated home value for homes going to auction ranges from $1,054,022 in 48189 to the lowest value of $218,000 in 48189.
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More Real Estate Resources for Whitmore Lake, MI
Guide for Whitmore Lake, 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
Information on foreclosure financing, refinancing, and foreclosure mortgages.