Sears, MI

Sears, Michigan is a small town located in the Upper Peninsula of Michigan. The population is just over 2,000 people and it has a median household income of just over $50,000. Sears is a small town that has seen its share of changes over the years. It used to be a major hub for manufacturing but now it's more known for its retail stores.

Real estate in Sears is primarily made up of single family homes and apartments. There are also some commercial properties available but they are not as common as residential properties. The average price for a home in Sears is around $130,000 and the average price for an apartment is around $100,000. The majority of homes in Sears are owned by individuals while apartments are typically rented out by landlords.

The main reason why real estate prices in Sears are higher than other areas of the state is because there isn't much competition for property listings. There are only about 10 real estate agents working in the town which means that there isn't a lot of competition for buyers or sellers. This lack of competition can lead to high prices because there's no pressure to lower them down to match other areas of the state.