Start Free
All market snapshots / 48602

Saginaw, MI 48602 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Saginaw, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 6060PendingPending sales: 33
Saginaw, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $75k$75kSoldMedian sold price (last 6 months): $90k$90k
What homes actually sell for in Saginaw, MI
Distribution of 242 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $55k to $145k
$28k to $51k: 41 sales$28k$51k to $75k: 44 sales44sales$75k to $98k: 40 sales$75k$98k to $121k: 26 sales$121k to $145k: 16 sales$121k$145k to $168k: 24 sales$168k to $192k: 18 sales$168k$192k to $215k: 7 salesMedian $90k

What the numbers say

As of September 14, 2026, Resideline is tracking 60 active listings and 3 pending sales in ZIP code 48602. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $75,000, while the median of the 242 closed sales Resideline tracked over the last six months was $89,500. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48602 for 65 days.

Frequently asked questions

What is the median home price in 48602?

The median closed sale price in Saginaw, MI 48602 was $89,500 over the last six months, based on 242 closed sales tracked by Resideline. The middle half of those sales ranged from $55,000 to $145,000.

Is 48602 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 60 active listings in 48602, a pending-to-active ratio of 0.05. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48602 currently looks like a balanced market.

Nearby ZIP code market data

Full Saginaw, MI housing market report →
Run any 48602 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.