Market Intelligence · MI / Saginaw

Saginaw, MI 48609 Housing Market

In Saginaw, MI 48609, the typical home value is $219,498, up 3.5% over the past year. The median list price is $254,000, and homes have a median of 42 days on market. That gap matters for pricing.

Updated August 2026Median value$219K

The median home value in Saginaw, MI 48609 is $219K as of August 2026, up 3.5% 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 48609 range

$202K to $237K

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

+3.5% over 12 months

Typical home value in 48609 over the last 12 months: $212K in Aug 2025 to $219K in Aug 2026 (+3.5%).

Aug 2025$212K

Aug 2026$219K

The numbers

What is the 48609 housing market like?

Typical home value

$219K

Up3.5%YoY

Median list price

$254K

Up13.5%MoM

Days on market

42

Down22.2%MoM

Homes for sale

17

Down5.6%MoM

Price cuts

24.2%

Up78.6%MoM

New listings

16

Up33.3%MoM

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

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The comparison

How do 48609 home prices compare?

  • 48609$219,498
  • 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

Saginaw, MI 48609 has 17 homes for sale, with 16 new listings. The median list price is $254,000, while the typical home value is $219,498 and is up 3.5% over the past year. Homes are taking a median of 42 days on market, and 24.2% of listings have a price cut. That mix points to steady demand but limited room for aggressive pricing. Choice is thin, so condition and timing still shape outcomes. Price to the market, not above it.

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