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SARANAC, MI 48881

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The SARANAC, MI real estate market (48881) currently shows 8 active listings, with 3 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 27 days on market compared to 30 days last year.

The median listing price has risen 22% year-over-year, from $231,100 to $281,950.

Whether you are buying or selling in SARANAC, 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: 5,521  ·  Density: 39.5/mi²  ·  Median household income: $77,646

Typical home value: $195,120  ·  Homeownership: 84.8%

Market Overview

Active Listings
8
vs 8 last year
Pending
3
38% pending ratio
Median Price
$281,950
⇧ 22% vs $231,100 last year
Average Price
$323,442
⇧ 35.6% vs $238,573 last year
Days on Market
27
⇩ 10% vs 30 days last year

Price Per Square Foot

Median $/sqft
$193
⇧ 21.4% vs $159/sqft last year
Median Home Size
1,793 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 27 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $281,950 (+22% YoY)
  • Average: $323,442 (+35.6% 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 20.5 miles — 182 listings ($92,333,162 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48881Saranac, MI 488810.0 mi8$2,171,736$214,900$271,467
49331Lowell, MI 493317.6 mi41$20,557,687$524,900$501,407
48809Belding, MI 488099.4 mi25$10,004,350$325,000$400,174
48865Orleans, MI 4886511.7 mi5$2,166,665$375,000$433,333
49325Freeport, MI 4932512.9 mi4$1,420,000$355,000$355,000
49301Ada, MI 4930114.2 mi38$34,432,332$832,000$906,114
48834Fenwick, MI 4883416.0 mi3$747,000$249,000$249,000
48890Sunfield, MI 4889016.3 mi2$260,000$130,000$130,000
48860Muir, MI 4886016.8 mi2$850,000$425,000$425,000
48838Greenville, MI 4883817.4 mi39$15,625,194$339,650$400,646
48873Pewamo, MI 4887319.2 mi1$109,000$109,000$109,000
48861Mulliken, MI 4886120.2 mi6$2,073,798$311,900$345,633
48884Sheridan, MI 4888420.5 mi8$1,915,400$238,850$239,425

Frequently Asked Questions

How many homes are for sale in SARANAC, MI 48881?

As of February 2026, there are 8 active listings in SARANAC, MI (zip code 48881), compared to 8 the prior year.

What is the median home price in SARANAC, MI 48881?

The median listing price in SARANAC, MI 48881 is $281,950 as of February 2026, a 22% increase from $231,100 the prior year.

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

Homes in SARANAC, MI 48881 spend an average of 27 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in SARANAC, MI 48881?

Based on current inventory and days-on-market data as of February 2026, SARANAC, MI 48881 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 27 days on market compared to 30 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SARANAC, MI 48881 save an estimated $5,639 compared to a typical 5% commission on the median listing price of $281,950. 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.