Unshakable ZIP Data 48832 | Elwell, MI Housing Market
Elwell · Gratiot County · Alma, MI metro · Michigan · Data updated June 19, 2026
The median sale price in ZIP 48832, Elwell, Michigan is $117,965 at $92 per square foot. 3 single-family homes sold in the latest period, up 3.0 percent from a year earlier. Homes sit a median of 121 days on market with 4.3 months of supply. Sellers are getting 96.4 percent of list price and 33.3 percent of homes sold above asking.
Buyer leverage market. Negotiate hard.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $204,830 | |
| Average price per sq ft | $160 | |
| Median sale price | $117,965 | |
| Median sale price per sq ft | $92 | |
| Median home size | 1,280 sq ft | |
| Median new listing price | $171,038 | +7.6% |
| National size rank | 21,296 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 3 | +3.0% |
| Median days on market | 121 days | |
| Months of supply | 4.3 months | |
| New listings | 3 | +1.5% |
| Active listings | 7 | +41.8% |
| Pending sales | 1 | -66.2% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 96.4% | -5.3 pts |
| Share sold above list | 33.3% | +0.0 pts |
These figures describe the single-family market for Elwell, Michigan ZIP 48832. They are market context, not a substitute for sold comps or a formal appraisal.