Reese, MI Home Values & Market Trends
Real estate market trends reflect that there have been 32 transactions over the past year in Reese. The median value for residential home transactions that occurred over the previous year is $177,529.33. The number of current listings in Reese is 1, and the percentage of properties for sale in the city is 1.00%. Reese, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 1 properties for sale.
Reese, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48757 | $ 243,837 $ 189/sqft |
Housing Market Summary for Reese, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $0 | $173.5K | - |
| Median Sold Price | $185.8K | $173.5K | -6.64% |
| Homes For Sale | 0 | 1 | - |
| Homes Sold | 20 | 35 | 75.00% |
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 Reese, MI
Browse Homes in Reese, MI
Reese home values range from $18,570 to $1,078,968. The median estimated value of a home in Reese is $177,529.33. The median list price of a home is 250,000, and the total count of properties in the city is 1,435.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Reese, 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 Reese, 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 Reese, 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 Reese, MI. There is 1 zips within Reese, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48757 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Reese, MI. Auction homes and other auction properties account for 0.07% of all properties in Reese, MI. There is 1 zips within Reese, MI; of that zips, the median estimated home value for homes going to auction ranges from $147,322 in 48757 to the lowest value of $147,322 in 48757.
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Guide for Reese, 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
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.