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Richmond, 48062 Market Trends

Today, December 24, 2009

Median Sales Price in 48062

Embed Info
1 yr 5 yr Max
48062, Richmond median sales prices
Number of sold homes in 48062, Richmond
LocationSep - Nov '09y-o-y3 months prior1 year prior5 years prior
48062$98,892-23.9%$144,000$129,900$141,836
Richmond$98,892-23.9%$144,000$129,900$141,836
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Richmond, 48062 Summary

The median sales price for homes in ZIP code 48062 for Sep 09 to Nov 09 was $98,892. This represents a decline of 31.3%, or $45,108, compared to the prior quarter and a decrease of 23.9% compared to the prior year. Sales prices have depreciated 30.3% over the last 5 years in 48062, Richmond.

Average listing price for homes on Trulia in ZIP code 48062 was $144,263 for the week ending Dec 16, which represents a decline of 3%, or $4,498 compared to the prior week and a decline of 1.1%, or $1,559, compared to the week ending Nov 25. Average price per square foot for homes in 48062 was $46 in the most recent quarter.

 

Average Listing Price in 48062

Embed Info
1 yr 5 yr Max
48062, Richmond average property price
48062, Richmond – number of properties
LocationWeek ending
Dec 16
w-o-wWeek ending
Dec 9
Week ending
Dec 2
Week ending
Nov 25
48062$144,263-3.0%$148,761$145,822$145,822
Richmond$144,263-3.0%$148,761$145,190$145,822
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Average Price Per Sqft for Homes in 48062

Embed Info
1 yr 5 yr Max
48062, Richmond average price per square foot
LocationSep - Nov '09y-o-y3 months prior1 year prior5 years prior
48062$46-2.1%$98$47$97
Richmond$46-2.1%$98$47$97
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Popular Zips in Richmond

Zips Week ending
Dec 16
w-o-w Week ending
Dec 9
Week ending
Dec 2
48062 1 — 1 1
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Homes for Sale in 48062

27244 Armada Ridge Road, Richmond MI
27244 Arma…
$210,000
 
35612 Richwood Lane, Richmond MI
35612 Rich…
$144,900
3 br  2 ba
69852 Circle Lane, Richmond MI
69852 Circ…
$129,900
3 br  1 ½ ba
69053 Garden Drive, Richmond MI
69053 Gard…
$111,900
2 br  2 ba
69029 Garden Drive, Richmond MI
69029 Gard…
$110,900
2 br  2 ba
 Richwood Lane, Richmond MI
Richwood…
$390,000
 
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48062, Richmond

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Nearby Cities

Cities
Median
sales price
Average
listing price
Memphis
$88,221
$183,633
Armada
$124,950
$267,914
Columbus
$36,000
$194,189
New Haven
$74,900
$144,511
Lenox
$54,630
$155,293
Ray
$113,356
$209,078
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Advice

Recent Q&A in Richmond, MI

Q: exactly what is meant when 'Pending' is shown next to a home for sale? 4 answers
Q: Home Buyers Tax Credit 7 answers
Q: I went on a bidding war for 69415 Grove St 48062, I was told i was out bid. Then i called the listing agent (not giving info on who i am), he told 2 answers
Q: when a forclosed hme is listed at a certain price,can you offer less,or must you pay the listed price? 2 answers
Q: I am a tenant in a home that my family has lived in for nearly 3 years. We are in the 48038 zip code of Michigan. We originally signed a one year 5 answers

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48062 Stats & Trends

  • 48062 Real Estate Overview
  • Richmond Schools
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Our real estate market trends page gives you a valuable overview of the Richmond real estate market. Find Richmond properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Richmond average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Richmond housing statistics are available for each Richmond, MI neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.