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ZIP 48832 in Elwell, MI: housing market trends

The median home sale price in ZIP 48832 in Elwell, MI was $104,969 for the three-month period ending September 2026. Sale prices were 30.0% 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
$104,969
three-month period ending September 2026
Median sale price per sq ft
$92.49
three-month period ending September 2026
Active listings
8
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 8 active listings for the three-month period ending September 2026. Active listings were 60.0% higher 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 84 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 48832 in Elwell, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$104,969$92.494 · small sample
Single-familySeptember 2026$104,974$92.494 · small sample

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 48832 in Elwell, MI
MarketMedian sale priceReporting period / source
Elwell, MIUnavailableMonth ending unavailable date · Zillow
Riverdale, MI$122,9413 months ending September 2026 · Redfin
Alma, MI$149,9293 months ending September 2026 · Redfin
Vestaburg, MIUnavailableMonth ending unavailable date · Zillow
Shepherd, MI$164,9213 months ending September 2026 · Redfin
Sumner, 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 48832 in Elwell, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$104,969$92.498
August 2026$110,000$103.387
July 2026$58,000$53.256
June 2026$53,250$53.257
May 2026$118,000$92.197
April 2026$180,765$103.338
March 2026$180,765$103.338
February 2026$180,765$125.9010
January 2026$163,745$114.5110
December 2025$119,000$91.5411
November 2025$119,000$91.548
October 2025$119,000$91.546
September 2025$150,000$152.135
August 2025$204,500$160.164
July 2025$204,500$160.164
June 2025$220,000$130.954
May 2025$130,000$95.605
April 2025$130,000$95.603
March 2025$130,000$50.474
February 2025UnavailableUnavailable3
January 2025$261,500$125.684
December 2024$252,000$125.685
November 2024$229,000$112.934
October 2024$105,000$62.029

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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