Market Intelligence · MI / Saginaw

Saginaw, MI 48609 Housing Market

The typical home value in Saginaw 48609 is $218,380, up 3.3% over the past year. The median list price is $282,200, and homes are staying on the market for a median of 45 days.

Updated September 2026Median value$218K

The median home value in Saginaw, MI 48609 is $218K as of September 2026, up 3.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48609 range

$201K to $236K

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

Sep 2025$211K

Low $211KHigh $218K

Sep 2026$218K

The numbers

What is the 48609 housing market like?

As of September 2026

Typical home value

$218K

3.3%YoY

Median list price

$282K

11.1%MoM

Days on market

7.1%MoM

Homes for sale

23.5%MoM

Price cuts

31.3%

29.2%MoM

New listings

37.5%MoM

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

The outlook

48609 housing market forecast 2027

+3.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48609 to rise 3.8% by September 2027.

Over the 12 months through September 2026, typical home values in 48609 rose 3.3%, per the Zillow Home Value Index.

Will home prices drop in 48609?

Zillow's forecast does not call for a drop: it expects typical home values in 48609 to rise 3.8% by September 2027, after a 3.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48609 home prices compare?

48609$218,380
Saginaw$142,849
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Saginaw: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Saginaw 48609 shows measured momentum. Homes for sale total 21, with 10 new listings as of September 2026. The median days on market is 45, indicating steady buyer interest. However, 31.3% of listings have seen a price cut, suggesting some sellers are adjusting to market conditions. For homeowners thinking about selling, the modest year-over-year appreciation is real but not dramatic; pricing competitively from the start will matter.

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Home price

Down payment20% · $43,676

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Common questions

What people ask us.

What is the typical home value in Saginaw 48609?

The typical home value is $218,380, which has increased 3.3% over the past year.

How many homes are currently for sale?

As of September 2026, there are 21 homes for sale, with 10 new listings.

How long do homes typically stay on the market?

The median days on market is 45.

Discover

Nearby ZIP markets.

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