Active Listings
15
⇧ 114.3% vs 7 last year
Population: 6,692 · Density: 22.5/mi² · Median household income: $67,255
Typical home value: $149,523 · Homeownership: 87.8%
Data as of January 2026. Source: Realtor.com.
The SHEPHERD, MI real estate market (48883) currently shows 15 active listings, with 4 pending sales. Homes are averaging 100 days on the market before going under contract.
Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 100 days on market compared to 78 days last year.
The median listing price has fallen 11.4% year-over-year, from $281,175 to $249,000.
Whether you are buying or selling in SHEPHERD, 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 $ |
|---|---|---|---|---|---|---|
| 48883 | Shepherd, MI 48883 | 0.0 mi | 15 | $4,168,080 | $249,000 | $277,872 |
| 48858 | Mount Pleasant, MI 48858 | 8.1 mi | 100 | $26,592,400 | $231,500 | $265,924 |
| 48801 | Alma, MI 48801 | 11.4 mi | 47 | $11,305,145 | $187,500 | $240,535 |
| 48878 | Rosebush, MI 48878 | 12.9 mi | 4 | $1,217,332 | $325,000 | $304,333 |
| 48618 | Coleman, MI 48618 | 14.4 mi | 12 | $3,728,040 | $270,000 | $310,670 |
| 48662 | Wheeler, MI 48662 | 16.2 mi | 1 | $230,000 | $230,000 | $230,000 |
| 48657 | Sanford, MI 48657 | 16.8 mi | 19 | $6,865,118 | $290,000 | $361,322 |
| 48637 | Merrill, MI 48637 | 18.8 mi | 3 | $464,700 | $154,900 | $154,900 |
| 49310 | Blanchard, MI 49310 | 19.5 mi | 6 | $993,750 | $162,500 | $165,625 |
| 48617 | Clare, MI 48617 | 21.1 mi | 14 | $3,307,808 | $227,444 | $236,272 |
| 48622 | Farwell, MI 48622 | 22.7 mi | 20 | $16,093,760 | $269,900 | $804,688 |
| 48628 | Hope, MI 48628 | 23.6 mi | 6 | $1,787,850 | $221,450 | $297,975 |
| 48856 | Middleton, MI 48856 | 24.0 mi | 1 | $235,000 | $235,000 | $235,000 |
As of January 2026, there are 15 active listings in SHEPHERD, MI (zip code 48883), compared to 7 the prior year.
The median listing price in SHEPHERD, MI 48883 is $249,000 as of January 2026, a 11.4% decrease from $281,175 the prior year.
Homes in SHEPHERD, MI 48883 spend an average of 100 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, SHEPHERD, MI 48883 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 100 days on market compared to 78 days last year.
With SELL123.com's maximum 3% commission, sellers in SHEPHERD, MI 48883 save an estimated $4,980 compared to a typical 5% commission on the median listing price of $249,000. 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.