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Gladwin, MI 48624 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Gladwin, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.29
ActiveActive listings: 3535PendingPending sales: 1010
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): $159k$159kSoldMedian sold price (last 6 months): $224k$224k
What homes actually sell for in Gladwin, MI
Distribution of 177 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $141k to $300k
$60k to $137k: 33 sales$60k$137k to $214k: 43 sales$214k to $292k: 45 sales45sales$214k$292k to $369k: 16 sales$369k to $446k: 6 sales$369k$446k to $524k: 8 sales$524k to $601k: 2 sales$524k$601k to $678k: 7 salesMedian $224k

What the numbers say

As of September 14, 2026, Resideline is tracking 35 active listings and 10 pending sales in ZIP code 48624. That pending-to-active ratio of 0.29 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $159,000, while the median of the 177 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 57 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 177 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 10 pending sales against 35 active listings in 48624, a pending-to-active ratio of 0.29. 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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