Wheeler, MI Home Values & Market Trends
Real estate market trends reflect that there have been 8 transactions over the past year in Wheeler. The median value for residential home transactions that occurred over the previous year is $195,000. The number of current listings in Wheeler is 11, and the percentage of properties for sale in the city is 11.00%. Wheeler, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 11 properties for sale.
Wheeler, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48662 | $ 195,000 $ 82/sqft |
Housing Market Summary for Wheeler, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $219K | $219K | - |
| Median Sold Price | $128.6K | $213.5K | 66.06% |
| Homes For Sale | 5 | 9 | 80.00% |
| Homes Sold | 10 | 3 | -70.00% |
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 Wheeler, MI
Browse Homes in Wheeler, MI
Wheeler home values range from $25,569 to $564,282. The median estimated value of a home in Wheeler is $195,000. The median list price of a home is 132,000, and the total count of properties in the city is 15.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Wheeler, 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 Wheeler, 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 Wheeler, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Wheeler, MI. There is 1 zips within Wheeler, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48662 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Wheeler, MI. Auction homes and other auction properties account for 6.67% of all properties in Wheeler, MI. There is 1 zips within Wheeler, MI; of that zips, the median estimated home value for homes going to auction ranges from $64,285 in 48662 to the lowest value of $64,285 in 48662.
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Guide for Wheeler, 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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