Covert, MI

Real estate in Covert, Michigan is a hot commodity. With a population of just over 2,000 people, the town has seen an influx of new residents in recent years thanks to its close proximity to Detroit and the many job opportunities that the city has to offer. This has led to a shortage of homes for sale in Covert, and prices have increased accordingly.

The average price of a home in Covert is $129,000. This is higher than the statewide average of $119,000 but lower than the median price of $147,500 across all counties in Michigan. The town's popularity as a bedroom community for Detroit has led to an influx of buyers who are looking for properties that are within commuting distance of both cities.

There are currently eleven homes on the market in Covert and six of these are available for sale at any given time. The average days on market for properties in Covert is thirty-six days which is below the statewide average of forty-eight days but above the median number of thirty-one days across all counties in Michigan. This indicates that there is strong demand for homes in Covert and that sellers are able to find interested buyers quickly.

One reason why home prices have increased so much in Covert over the past few years is because there are limited options available when it comes to purchasing a home. Most homes here were built between 1950 and 1970 which means they aren't up to date with current safety and energy standards. As a result, many homeowners have decided to sell their homes rather than update them or live with potential risks associated with not having updated infrastructure nearby.

Despite this upward trend, there may be some signs that prices could start decreasing soon due to several factors including increasing interest rates and stricter lending criteria being put into place by banks throughout Michigan. If this happens then homeowners who already own property here could see their value decrease while newcomers may be discouraged from investing due to high costs associated with buying property here currently