Caro, MI Home Values & Market Trends
Real estate market trends reflect that there have been 187 transactions over the past year in Caro. The median value for residential home transactions that occurred over the previous year is $172,120. The number of current listings in Caro is 125, and the percentage of properties for sale in the city is 125.00%. Caro, MI currently has 6 properties in foreclosure, 3 bank owned properties, 3 properties headed for auction, and 125 properties for sale.
Caro, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48723 | $ 172,120 $ 129/sqft |
Housing Market Summary for Caro, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $170.5K | $159.4K | -6.48% |
| Median Sold Price | $171.9K | $158.9K | -7.60% |
| Homes For Sale | 79 | 123 | 55.70% |
| Homes Sold | 139 | 93 | -33.09% |
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 Caro, MI
Browse Homes in Caro, MI
Caro home values range from $25,139 to $988,545. The median estimated value of a home in Caro is $172,120. The median list price of a home is 159,900, and the total count of properties in the city is 230.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Caro, 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 Caro, 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 Caro, MI ranges from the highest value of $155,575 in 48723 to the lowest value of $140,617 in 48723. Bank owned homes and properties account for 1.30% of properties in Caro, MI. There is 1 zips within Caro, MI; 48723 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48723 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Caro, MI. Auction homes and other auction properties account for 1.30% of all properties in Caro, MI. There is 1 zips within Caro, MI; of that zips, the median estimated home value for homes going to auction ranges from $187,103 in 48723 to the lowest value of $84,967 in 48723.
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Guide for Caro, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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