How much is a home in 48638 worth?

The typical home value in 48638 is $204,024, up 5.3% over the past year as of 2026-08-01.

How fast are homes selling in 48638?

Homes in 48638 spend a median of 26 days on market as of 2026-08-01.

Are sellers cutting prices in 48638?

Yes, 14.6% of listings in 48638 have a price cut as of 2026-08-01, even as the typical home value has risen 5.3% over the past year.

Market Intelligence · MI / Saginaw

Saginaw, MI 48638 Housing Market

The typical home in Saginaw, MI 48638 is worth $204,024, up 5.3% over the past year. As of 2026-08-01, the median list price is $249,900 and homes spend a median of 26 days on market.

Updated August 2026Median value$204K

The median home value in Saginaw, MI 48638 is $204K as of August 2026, up 5.3% 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.

Sell without the wait

Sell your Saginaw home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 48638 range

$188K to $220K

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.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48638 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Saginaw, MI.

12-month value trend

+5.3% over 12 months

Aug 2025$194K

Low $194KHigh $204K

Aug 2026$204K

The numbers

What is the 48638 housing market like?

As of August 2026

Typical home value

$204K

5.3%YoY

Median list price

$250K

9.9%MoM

Days on market

13.3%MoM

Homes for sale

25.0%MoM

Price cuts

14.6%

7.8%MoM

New listings

25.0%MoM

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

Free home value report

See what your 48638 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48638 home prices compare?

48638$204,024
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 48638 are asking a median of $249,900, while the typical home value sits at $204,024, a figure that has climbed 5.3% over the past year. Inventory is modest, with 25 homes for sale and 20 new listings as of 2026-08-01. Homes are moving at a steady pace, spending a median of 26 days on market. Meanwhile, 14.6% of listings have taken a price cut, suggesting some sellers are adjusting expectations. For a homeowner weighing a sale, values are rising, but buyers are still pushing back on price, so realistic pricing matters.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $40,805

Term

Rate (%)

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading