Population: 9,351 · Density: 91.4/mi² · Median household income: $76,600
Typical home value: $244,337 · Homeownership: 83.4%
Data as of January 2026. Source: Realtor.com.
The RICHMOND, MI real estate market (48062) currently shows 25 active listings, with 6 pending sales. Homes are averaging 80 days on the market before going under contract.
Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 80 days on market compared to 78 days last year.
The median listing price has fallen 9.1% year-over-year, from $407,000 to $369,950.
Whether you are buying or selling in RICHMOND, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48062 | Richmond, MI 48062 | 0.0 mi | 25 | $9,987,500 | $369,950 | $399,500 |
| 48041 | Memphis, MI 48041 | 6.2 mi | 6 | $2,827,998 | $479,999 | $471,333 |
| 48063 | Columbus, MI 48063 | 6.3 mi | 8 | $3,695,600 | $487,000 | $461,950 |
| 48096 | Ray, MI 48096 | 8.6 mi | 10 | $8,923,860 | $757,000 | $892,386 |
| 48027 | Goodells, MI 48027 | 8.9 mi | 2 | $949,000 | $474,500 | $474,500 |
| 48051 | New Baltimore, MI 48051 | 11.0 mi | 55 | $19,940,415 | $329,900 | $362,553 |
| 48065 | Romeo, MI 48065 | 12.2 mi | 40 | $32,380,200 | $639,995 | $809,505 |
| 48023 | Fair Haven, MI 48023 | 12.5 mi | 14 | $10,700,732 | $632,500 | $764,338 |
| 48079 | Saint Clair, MI 48079 | 12.8 mi | 47 | $19,013,380 | $379,900 | $404,540 |
| 48003 | Almont, MI 48003 | 13.5 mi | 27 | $14,717,538 | $519,495 | $545,094 |
| 48074 | Smiths Creek, MI 48074 | 13.9 mi | 12 | $2,768,664 | $249,900 | $230,722 |
| 48094 | Washington, MI 48094 | 14.3 mi | 40 | $33,067,560 | $712,900 | $826,689 |
| 48315 | Utica, MI 48315 | 15.8 mi | 98 | $63,826,126 | $616,490 | $651,287 |
As of January 2026, there are 25 active listings in RICHMOND, MI (zip code 48062), compared to 35 the prior year.
The median listing price in RICHMOND, MI 48062 is $369,950 as of January 2026, a 9.1% decrease from $407,000 the prior year.
Homes in RICHMOND, MI 48062 spend an average of 80 days on the market before going under contract, compared to 78 days the prior year.
Based on current inventory and days-on-market data as of January 2026, RICHMOND, MI 48062 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 80 days on market compared to 78 days last year.
With SELL123.com's maximum 3% commission, sellers in RICHMOND, MI 48062 save an estimated $7,399 compared to a typical 5% commission on the median listing price of $369,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.