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Median sale price
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ZIP 48062 in Richmond, MI: housing market trends

The median home sale price in ZIP 48062 in Richmond, MI was $310,409 for the three-month period ending September 2026. Sale prices were 4.5% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$310,409
three-month period ending September 2026
Median sale price per sq ft
$158.63
three-month period ending September 2026
Active listings
67
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 67 active listings for the three-month period ending September 2026. Active listings were 9.5% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 20 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 48062 in Richmond, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$310,409$158.6336
Single-familySeptember 2026$324,918$171.5332
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$209,494$149.274 · small sample
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 48062 in Richmond, MI
MarketMedian sale priceReporting period / source
Memphis, MI$239,8863 months ending September 2026 · Redfin
Richmond, MI$262,3753 months ending September 2026 · Redfin
Armada, MI$360,3283 months ending September 2026 · Redfin
Columbus, MIUnavailableMonth ending unavailable date · Zillow
Goodells, MIUnavailableMonth ending unavailable date · Zillow
Allenton, MIUnavailableMonth ending unavailable date · Zillow

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 48062 in Richmond, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$310,409$158.6367
August 2026$325,000$176.4771
July 2026$341,000$196.1668
June 2026$350,000$210.9559
May 2026$350,000$217.1459
April 2026$312,500$175.0056
March 2026$277,000$156.8947
February 2026$290,000$161.5439
January 2026$387,500$179.5040
December 2025$360,000$178.9453
November 2025$348,450$178.9460
October 2025$335,000$162.0766
September 2025$325,000$155.7574
August 2025$317,500$147.9860
July 2025$307,000$160.3258
June 2025$290,000$157.0458
May 2025$303,000$150.0058
April 2025$303,000$127.2150
March 2025$307,750$138.6450
February 2025$312,500$177.3449
January 2025$309,000$177.3457
December 2024$308,725$157.8260
November 2024$305,000$150.2266
October 2024$289,250$152.2065

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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