48062 Home Values & Market Trends
There are 195 homes currently listed for 48062. 48062 real estate market trends show that home prices range from $9,900 to $1,950,000, and the median sales price in the 48062 zip code is $317,692. The total number of properties sold within the past twelve months is 123. In 48062, 7 properties are in foreclosure, 2 are bank owned properties,and 5 are headed for auction.
48062 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Richmond | $ 317,692 $ 200/sqft |
Housing Market Summary for 48062
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $302.5K | $300K | -0.83% |
| Median Sold Price | $297K | $292.7K | -1.44% |
| Homes For Sale | 134 | 194 | 44.78% |
| Homes Sold | 93 | 58 | -37.63% |
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 48062
Browse Homes in 48062
The median list price of a home in Richmond, is $317,692. A total of 195 properties are for sale, and the percentage of properties for sale in the zip code is 195.00%. The total count of 48062 properties is 265.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48062 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 48062; of that cities, 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 48062 ranges from the highest value of $311,243 in richmond to the lowest value of $244,900 in richmond. Bank owned homes and properties account for 0.75% of properties in 48062. There is 1 cities within 48062; richmond containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsrichmond has 5 auction properties, the highest number of properties going to auction in a single city in the state of 48062. Auction homes and other auction properties account for 1.89% of all properties in 48062. There is 1 cities within 48062; of that cities, the median estimated home value for homes going to auction ranges from $496,736 in richmond to the lowest value of $279,583 in richmond.
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Guide for 48062
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.
Tips to find a home in pre-foreclosure and get a good deal on a new home.