Algonac, MI Home Values & Market Trends
Real estate market trends reflect that there have been 110 transactions over the past year in Algonac. The median value for residential home transactions that occurred over the previous year is $203,942.37. The number of current listings in Algonac is 16, and the percentage of properties for sale in the city is 16.00%. Algonac, MI currently has 2 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 16 properties for sale.
Algonac, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48001 | $ 212,125 $ 153/sqft |
Housing Market Summary for Algonac, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $162.4K | $218.8K | 34.66% |
| Median Sold Price | $173.7K | $218.8K | 25.93% |
| Homes For Sale | 12 | 12 | - |
| Homes Sold | 185 | 40 | -78.38% |
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
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Browse Homes in Algonac, MI
Algonac home values range from $21,468 to $3,484,459. The median estimated value of a home in Algonac is $203,942.37. The median list price of a home is 214,900, and the total count of properties in the city is 2,249.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Algonac, MI ranges from the highest value of $124,900 in 48001 to the lowest value of $124,900 in 48001. Bank owned homes and properties account for 0.04% of properties in Algonac, MI. There is 1 zips within Algonac, MI; 48001 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48001 has 5 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 0.04% 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 $418,843 in 48001 to the lowest value of $194,498 in 48001.
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Guide for Algonac, 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.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
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.
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