Brokers — List your Company Here
Featured local agent — Shepherd, MI
Sarah Mitchell
Compass Real Estate · Shepherd, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Shepherd, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$224,900median sale price
How is the Shepherd, MI housing market right now?
The median home sale price in Shepherd, MI is $224,900, up 49.9% year-over-year. Homes sell in an average of 101 days with 6 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Shepherd a buyer's or seller's market?
Shepherd, MI is currently a balanced market, based on 2.0 months of supply and homes selling in about 101 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
101
Average pace
Active listings
6
2.0 months supply
Sale-to-list
93.1%
Below asking
What does the Shepherd housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $224,900 |
| Median list price | $134,000 |
| Year-over-year price change | +49.9% |
| Average days on market | 101 days |
| Active inventory | 6 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 93.1% |
| Median price per sq ft | $102/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Shepherd by property type?
How the Shepherd, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $224,900 | $102/sq ft | 3 | 101 days |
Source: Redfin · Updated monthly
The Shepherd housing market is currently classified as a balanced market with a median sale price of $224,900. Prices have risen 49.9% compared to last year, with homes spending an average of 101 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Shepherd
There are currently 6 homes listed for sale in Shepherd, Michigan. The median listing price is $134K.
Active listings
6
Homes on market
Median list price
$134K
Avg. days on market
101
Days until sale
New this week
2
Newly listed
Who lives in Shepherd?
Population
1,438
Median income
$76,591/yr
Median age
32 years
Owner-occupied
68.5%
College grads
27.6%
Avg commute
17.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Shepherd?
Zillow home value
$230,887
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Shepherd?
Shepherd is a community of approximately 1K residents with a median age of 32 years.The median household income is $76,591, which reflects a relatively affluent area with strong earning potential. 27.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Shepherd offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Shepherd?
5 schools tracked · 1,772 students
The largest public schools serving Shepherd, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Shepherd Elementary School
Grades PK-5 · 560 students
Shepherd High School
Grades 9-12 · 529 students
Shepherd Middle School
Grades 6-8 · 387 students
Winn Elementary School
Grades K-5 · 222 students
Flextech High School Shepherd
Grades 8-12 · 74 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Shepherd, MI?
Want a head-to-head view? Compare Shepherd side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Shepherd?
The median home sale price in Shepherd is $224,900, up 49.9% from last year.
How long do homes stay on market in Shepherd?
Homes typically spend 101 days on market before going under contract.
What is the median income in Shepherd?
The median household income is $76,591 per year.
Is Shepherd a buyer's or seller's market?
With 2.0 months of supply, Shepherd is currently a balanced market.
What is the Zillow home value estimate for Shepherd?
The Zillow Home Value Index (ZHVI) for Shepherd is $230,887, representing the typical home value in the area.
How much does a single-family home cost in Shepherd?
The median single-family home price in Shepherd, MI is $224,900 (about $102 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Shepherd, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Shepherd market alerts
Weekly updates on prices, inventory, and trends. Free forever.