Market Intelligence · MI / Saginaw

Saginaw, MI 48638 Housing Market

The typical home value in Saginaw, MI 48638 is $202,733, up 4.9% over the past year. The median list price sits at $228,675, with homes staying on the market for a median of 32 days as of September 2026.

Updated September 2026Median value$203K

The median home value in Saginaw, MI 48638 is $203K as of September 2026, up 4.9% 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 48638 range

$187K to $219K

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

+4.9% over 12 months

Sep 2025$193K

Low $193KHigh $203K

Sep 2026$203K

The numbers

What is the 48638 housing market like?

As of September 2026

Typical home value

$203K

4.9%YoY

Median list price

$229K

8.5%MoM

Days on market

23.1%MoM

Homes for sale

16.0%MoM

Price cuts

24.8%

69.2%MoM

New listings

0.0%MoM

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

The outlook

48638 housing market forecast 2027

+4.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48638 to rise 4.2% by September 2027.

Over the 12 months through September 2026, typical home values in 48638 rose 4.9%, per the Zillow Home Value Index.

Will home prices drop in 48638?

Zillow's forecast does not call for a drop: it expects typical home values in 48638 to rise 4.2% by September 2027, after a 4.9% 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 48638 home prices compare?

48638$202,733
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

The area had 29 homes for sale and 20 new listings as of September 2026. The median days on market of 32 suggests moderate buyer interest, though price cuts are appearing on nearly a quarter of listings. The gap between typical home value and median list price reflects what sellers are asking versus recent market sales. If you're considering selling, this data indicates a balanced market without strong tailwinds, so pricing strategy matters.

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Common questions

What people ask us.

What is the typical home value in 48638?

The typical home value is $202,733, which has increased 4.9% over the past year as of September 2026.

How long do homes typically stay on the market in 48638?

Homes in this ZIP have a median days on market of 32 as of September 2026.

What share of homes have had price cuts?

As of September 2026, 24.8% of listings carried a price cut.

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