Melvin, MI Home Values & Market Trends
Real estate market trends reflect that there have been 14 transactions over the past year in Melvin. The median value for residential home transactions that occurred over the previous year is $249,045. The number of current listings in Melvin is 12, and the percentage of properties for sale in the city is 12.00%. Melvin, MI currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 12 properties for sale.
Melvin, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48454 | $ 249,045 $ -- |
Housing Market Summary for Melvin, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $283.9K | $244.9K | -13.74% |
| Median Sold Price | $0 | $79,594.5 | - |
| Homes For Sale | 13 | 12 | -7.69% |
| Homes Sold | 0 | 2 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Melvin, MI
Browse Homes in Melvin, MI
Melvin home values range from $50,236 to $475,000. The median estimated value of a home in Melvin is $249,045. The median list price of a home is 244,900, and the total count of properties in the city is 17.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Melvin, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Melvin, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Melvin, MI ranges from the highest value of $106,100 in 48454 to the lowest value of $106,100 in 48454. Bank owned homes and properties account for 5.88% of properties in Melvin, MI. There is 1 zips within Melvin, MI; 48454 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Melvin, MI. Auction homes and other auction properties account for 0% of all properties in Melvin, MI. There is 1 zips within Melvin, MI; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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More Real Estate Resources for Melvin, MI
Guide for Melvin, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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