Market Intelligence · MI / Saginaw

Saginaw, MI 48602 Housing Market

In Saginaw, MI 48602, the typical home value is $86,439, up 3.3% over the past year. Homes here are listed at a median of $90,000 and spend a median of 49 days on market.

Updated August 2026Median value$86K

The median home value in Saginaw, MI 48602 is $86K as of August 2026, up 3.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48602 range

$80K to $93K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.3% over 12 months

Typical home value in 48602 over the last 12 months: $84K in Aug 2025 to $86K in Aug 2026 (+3.3%).

Aug 2025$84K

Aug 2026$86K

The numbers

What is the 48602 housing market like?

Typical home value

$86K

Up3.3%YoY

Median list price

$90K

Up5.9%MoM

Days on market

49

Down51.0%MoM

Homes for sale

126

Down1.6%MoM

Price cuts

17.2%

Up44.2%MoM

New listings

36

Down18.2%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 48602 home prices compare?

  • 48602$86,439
  • Saginaw$144,923
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Saginaw: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

Sellers in 48602 are asking more than the typical value: the median list price is $90,000 against a typical home value of $86,439. Buyers have some choice, with 126 homes for sale and 36 new listings as of 2026-08-01. Homes are not moving fast, sitting a median of 49 days on market. The 17.2% of listings with a price cut shows some sellers are adjusting down. Values are rising 3.3% over the past year, but sellers should price realistically and expect the sale to take some time.

Monthly payment

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20% · $17,288

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