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SAGINAW, MI 48638

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

Market Analysis

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

The SAGINAW, MI real estate market (48638) currently shows 35 active listings, with 14 pending sales. Homes are averaging 117 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 117 days on market compared to 41 days last year.

The median listing price has fallen 10.4% year-over-year, from $263,650 to $236,175.

Whether you are buying or selling in SAGINAW, 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: 12,157  ·  Density: 717.4/mi²  ·  Median household income: $60,262

Typical home value: $155,556  ·  Homeownership: 66.5%

Market Overview

Active Listings
35
⇧ 20.7% vs 29 last year
Pending
14
40% pending ratio
Median Price
$236,175
⇩ 10.4% vs $263,650 last year
Average Price
$294,747
⇩ 10.5% vs $329,210 last year
Days on Market
117
⇧ 185.4% vs 41 days last year

Price Per Square Foot

Median $/sqft
$117
⇧ 9.3% vs $107/sqft last year
Median Home Size
1,852 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 29 last year
  • Days on market: 117 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $236,175 (-10.4% YoY)
  • Average: $294,747 (-10.5% 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 18.2 miles — 425 listings ($109,498,176 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48638Saginaw, MI 486380.0 mi39$11,268,972$232,300$288,948
48603Saginaw, MI 486033.3 mi63$19,148,787$289,900$303,949
48607Saginaw, MI 486074.4 mi3$148,350$49,450$49,450
48601Saginaw, MI 486016.3 mi106$9,926,052$78,700$93,642
48623Freeland, MI 486239.2 mi38$18,522,948$444,950$487,446
48626Hemlock, MI 4862610.4 mi16$6,330,128$267,500$395,633
48417Burt, MI 4841711.6 mi4$719,000$167,500$179,750
48706Bay City, MI 4870613.0 mi110$31,869,640$239,900$289,724
48747Munger, MI 4874714.8 mi2$399,800$199,900$199,900
48611Auburn, MI 4861115.3 mi14$3,872,246$224,900$276,589
48616Chesaning, MI 4861616.1 mi17$4,955,653$219,900$291,509
48757Reese, MI 4875717.4 mi11$1,986,600$167,500$180,600
48614Brant, MI 4861418.2 mi2$350,000$175,000$175,000

Frequently Asked Questions

How many homes are for sale in SAGINAW, MI 48638?

As of February 2026, there are 35 active listings in SAGINAW, MI (zip code 48638), compared to 29 the prior year.

What is the median home price in SAGINAW, MI 48638?

The median listing price in SAGINAW, MI 48638 is $236,175 as of February 2026, a 10.4% decrease from $263,650 the prior year.

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

Homes in SAGINAW, MI 48638 spend an average of 117 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in SAGINAW, MI 48638?

Based on current inventory and days-on-market data as of February 2026, SAGINAW, MI 48638 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 117 days on market compared to 41 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SAGINAW, MI 48638 save an estimated $4,724 compared to a typical 5% commission on the median listing price of $236,175. 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.