Data as of June 2026. Source: Realtor.com.
The ELWELL, MI real estate market (48832) currently shows 3 active listings, with 1 pending sales. Homes are averaging 29 days on the market before going under contract.
Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.
Homes are selling faster, averaging 29 days on market compared to 31 days last year.
The median listing price has fallen 17.3% year-over-year, from $209,400 to $173,125.
Whether you are buying or selling in ELWELL, 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.
Population: 1,276 · Density: 19.2/mi² · Median household income: $61,974
Typical home value: $128,482 · Homeownership: 92.0%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48832 | Elwell, MI 48832 | 0.0 mi | 5 | $665,000 | $135,000 | $133,000 |
| 48801 | Alma, MI 48801 | 5.6 mi | 46 | $11,279,936 | $211,000 | $245,216 |
| 48889 | Sumner, MI 48889 | 8.4 mi | 0 | $0 | $355,900 | $355,900 |
| 48880 | Saint Louis, MI 48880 | 10.8 mi | 16 | $2,543,776 | $140,100 | $158,986 |
| 48829 | Edmore, MI 48829 | 12.2 mi | 8 | $2,289,600 | $249,000 | $286,200 |
| 48858 | Mount Pleasant, MI 48858 | 14.0 mi | 104 | $26,825,552 | $236,200 | $257,938 |
| 49310 | Blanchard, MI 49310 | 15.6 mi | 6 | $1,024,824 | $170,750 | $170,804 |
| 48888 | Stanton, MI 48888 | 17.5 mi | 12 | $3,305,532 | $240,000 | $275,461 |
| 48871 | Perrinton, MI 48871 | 18.5 mi | 2 | $769,800 | $384,900 | $384,900 |
| 48886 | Six Lakes, MI 48886 | 19.2 mi | 8 | $1,919,840 | $238,725 | $239,980 |
| 48878 | Rosebush, MI 48878 | 20.7 mi | 3 | $900,999 | $320,000 | $300,333 |
| 48845 | Hubbardston, MI 48845 | 21.4 mi | 3 | $1,596,000 | $532,000 | $532,000 |
| 48853 | Maple Rapids, MI 48853 | 21.8 mi | 4 | $559,900 | $139,975 | $139,975 |
As of June 2026, there are 3 active listings in ELWELL, MI (zip code 48832), compared to 2 the prior year.
The median listing price in ELWELL, MI 48832 is $173,125 as of June 2026, a 17.3% decrease from $209,400 the prior year.
Homes in ELWELL, MI 48832 spend an average of 29 days on the market before going under contract, compared to 31 days the prior year.
Based on current inventory and days-on-market data as of June 2026, ELWELL, MI 48832 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 29 days on market compared to 31 days last year.
With SELL123.com's maximum 3% commission, sellers in ELWELL, MI 48832 save an estimated $3,463 compared to a typical 5% commission on the median listing price of $173,125. 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.