Active Listings
5
⇧ 66.7% vs 3 last year
Data as of February 2026. Source: Realtor.com.
The ELWELL, MI real estate market (48832) currently shows 5 active listings, with 2 pending sales. Homes are averaging 135 days on the market before going under contract.
Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 135 days on market compared to 10 days last year.
The median listing price has fallen 27.5% year-over-year, from $186,175 to $135,000.
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 | 6 | $1,037,880 | $190,000 | $172,980 |
| 48801 | Alma, MI 48801 | 5.6 mi | 47 | $11,305,145 | $187,500 | $240,535 |
| 48883 | Shepherd, MI 48883 | 10.6 mi | 15 | $4,168,080 | $249,000 | $277,872 |
| 48818 | Crystal, MI 48818 | 11.2 mi | 4 | $677,700 | $164,850 | $169,425 |
| 48847 | Ithaca, MI 48847 | 14.0 mi | 13 | $2,899,910 | $190,500 | $223,070 |
| 48856 | Middleton, MI 48856 | 14.8 mi | 1 | $235,000 | $235,000 | $235,000 |
| 49310 | Blanchard, MI 49310 | 15.6 mi | 6 | $993,750 | $162,500 | $165,625 |
| 48888 | Stanton, MI 48888 | 17.5 mi | 12 | $3,922,200 | $298,450 | $326,850 |
| 48871 | Perrinton, MI 48871 | 18.5 mi | 5 | $2,449,900 | $384,999 | $489,980 |
| 48886 | Six Lakes, MI 48886 | 19.2 mi | 7 | $1,755,803 | $265,000 | $250,829 |
| 48878 | Rosebush, MI 48878 | 20.7 mi | 4 | $1,217,332 | $325,000 | $304,333 |
| 48893 | Weidman, MI 48893 | 21.2 mi | 21 | $7,413,231 | $280,900 | $353,011 |
| 48885 | Sidney, MI 48885 | 21.6 mi | 1 | $196,000 | $196,000 | $196,000 |
As of February 2026, there are 5 active listings in ELWELL, MI (zip code 48832), compared to 3 the prior year.
The median listing price in ELWELL, MI 48832 is $135,000 as of February 2026, a 27.5% decrease from $186,175 the prior year.
Homes in ELWELL, MI 48832 spend an average of 135 days on the market before going under contract, compared to 10 days the prior year.
Based on current inventory and days-on-market data as of February 2026, ELWELL, MI 48832 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 135 days on market compared to 10 days last year.
With SELL123.com's maximum 3% commission, sellers in ELWELL, MI 48832 save an estimated $2,700 compared to a typical 5% commission on the median listing price of $135,000. 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.