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FREELAND, MI 48623

Real Estate Market Report  ·  Saginaw County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The FREELAND, MI real estate market (48623) currently shows 43 active listings, with 16 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 85 days on market compared to 45 days last year.

The median listing price has risen 37.2% year-over-year, from $378,650 to $519,525.

Whether you are buying or selling in FREELAND, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,098  ·  Density: 80.0/mi²  ·  Median household income: $91,964

Typical home value: $214,834  ·  Homeownership: 88.0%

Market Overview

Active Listings
43
⇧ 38.7% vs 31 last year
Pending
16
37% pending ratio
Median Price
$519,525
⇧ 37.2% vs $378,650 last year
Average Price
$602,753
⇧ 40.6% vs $428,794 last year
Days on Market
85
⇧ 88.9% vs 45 days last year

Price Per Square Foot

Median $/sqft
$249
⇧ 35.3% vs $184/sqft last year
Median Home Size
2,213 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 31 last year
  • Days on market: 85 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $519,525 (+37.2% YoY)
  • Average: $602,753 (+40.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.4 miles — 463 listings ($100,434,340 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48623Freeland, MI 486230.0 mi38$18,522,948$444,950$487,446
48611Auburn, MI 486118.0 mi14$3,872,246$224,900$276,589
48604Saginaw, MI 486049.0 mi26$6,435,936$164,500$247,536
48609Saginaw, MI 486099.4 mi29$11,251,130$239,400$387,970
48602Saginaw, MI 4860210.6 mi154$16,046,492$90,000$104,198
48724Carrollton, MI 4872411.3 mi3$282,000$95,000$94,000
48637Merrill, MI 4863712.4 mi3$464,700$154,900$154,900
48642Midland, MI 4864213.3 mi58$23,899,538$369,000$412,061
48601Saginaw, MI 4860114.6 mi106$9,926,052$78,700$93,642
48662Wheeler, MI 4866216.0 mi1$230,000$230,000$230,000
48615Breckenridge, MI 4861518.1 mi10$2,238,380$162,500$223,838
48747Munger, MI 4874718.8 mi2$399,800$199,900$199,900
48657Sanford, MI 4865719.4 mi19$6,865,118$290,000$361,322

Frequently Asked Questions

How many homes are for sale in FREELAND, MI 48623?

As of February 2026, there are 43 active listings in FREELAND, MI (zip code 48623), compared to 31 the prior year.

What is the median home price in FREELAND, MI 48623?

The median listing price in FREELAND, MI 48623 is $519,525 as of February 2026, a 37.2% increase from $378,650 the prior year.

How long do homes stay on the market in FREELAND, MI?

Homes in FREELAND, MI 48623 spend an average of 85 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in FREELAND, MI 48623?

Based on current inventory and days-on-market data as of February 2026, FREELAND, MI 48623 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 45 days last year.

How much can I save on real estate commission in FREELAND, MI?

With SELL123.com's maximum 3% commission, sellers in FREELAND, MI 48623 save an estimated $10,391 compared to a typical 5% commission on the median listing price of $519,525. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.