48662, MI Housing Market

The median sale price of a home in 48662 was $125K last month, down 23.1% since last year. The median sale price per square foot in 48662 is $71, down 45.8% since last year.

Trends
Demand
Schools
Climate

48662 Housing Market Trends

What is the housing market like in 48662 today?

In May 2025, 48662 home prices were down 23.1% compared to last year, selling for a median price of $125K.

$125K

Sale Price

-46.8%
since last year

$71

Sale $/Sq. Ft.

-45.8%
since last year

Over List Price

1.5%

Days on Market

175

Down Payment

—

Total Homes Sold

To compare other locations to the 48662 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Michigan add value to a home.

View houses in 48662 that sold recently

Recently sold homes

SOLD MAY 28, 2025
$125,000 Last Sold Price
3 beds
1 bath
1,752 sq ft
8633 E Monroe Rd, Wheeler, MI 48662
List Price
$50,000
Sale to List
150% over list
Days on Market
188 days
8633 E Monroe Rd, Wheeler, MI 48662
SOLD MAY 20, 2025
$266,000
—beds
—baths
—sq ft
3901 S 7 Mile Rd, Wheeler, MI 48662
List Price
—
Sale to List
—
Days on Market
—
3901 S 7 Mile Rd, Wheeler, MI 48662
SOLD MAR 19, 2025
3D WALKTHROUGH
$174,000 Last Sold Price
3 beds
2 baths
1,092 sq ft
3635 S Seven Mile Rd, Wheeler, MI 48662
List Price
$169,000
Sale to List
3% over list
Days on Market
56 days
3635 S Seven Mile Rd, Wheeler, MI 48662
SOLD MAR 12, 2025
$50,000 Last Sold Price
3 beds
1 bath
1,432 sq ft
7095 E McGregor Rd, Wheeler, MI 48662
(989) 773-6000
List Price
$50,000
Sale to List
0% over list
Days on Market
0 days
7095 E McGregor Rd, Wheeler, MI 48662

Schools in 48662

Learn about schools in the 48662 area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 48662 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 48662.

Heat Factor - Minor

96% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for 48662

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