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All market snapshots / 48624

Gladwin, MI 48624 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Gladwin, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 4444PendingPending sales: 44
Gladwin, 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): $240k$240kSoldMedian sold price (last 6 months): $224k$224k
What homes actually sell for in Gladwin, MI
Distribution of 189 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $141k to $300k
$70k to $146k: 40 sales$70k$146k to $221k: 45 sales$221k to $297k: 46 sales46sales$221k$297k to $372k: 17 sales$372k to $448k: 7 sales$372k$448k to $524k: 5 sales$524k to $599k: 3 sales$524k$599k to $675k: 8 salesMedian $224k

What the numbers say

As of October 5, 2026, Resideline is tracking 44 active listings and 4 pending sales in ZIP code 48624. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $239,900, while the median of the 189 closed sales Resideline tracked over the last six months was $224,500. 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 48624 for 68 days.

Frequently asked questions

What is the median home price in 48624?

The median closed sale price in Gladwin, MI 48624 was $224,500 over the last six months, based on 189 closed sales tracked by Resideline. The middle half of those sales ranged from $141,000 to $300,000.

Is 48624 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 44 active listings in 48624, a pending-to-active ratio of 0.09. 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, 48624 currently looks like a balanced market.

Nearby ZIP code market data

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