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MIDLAND, MI 48640

Real Estate Market Report  ·  Midland County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MIDLAND, MI real estate market (48640) currently shows 126 active listings, with 59 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 45 days on market compared to 34 days last year.

The median listing price has fallen 0% year-over-year, from $318,000 to $318,000.

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Market Context

Market Context

Population: 32,723  ·  Density: 120.2/mi²  ·  Median household income: $76,693

Typical home value: $178,474  ·  Homeownership: 74.2%

Market Overview

Active Listings
126
⇧ 16.7% vs 108 last year
Pending
59
47% pending ratio
Median Price
$318,000
— vs $318,000 last year
Average Price
$349,518
⇩ 9.5% vs $386,303 last year
Days on Market
45
⇧ 32.4% vs 34 days last year

Price Per Square Foot

Median $/sqft
$160
⇩ 13.5% vs $185/sqft last year
Median Home Size
1,820 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 126 this year vs 108 last year
  • Days on market: 45 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $318,000 (+0% YoY)
  • Average: $349,518 (-9.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 412 listings ($95,906,264 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48640Midland, MI 486400.0 mi78$32,165,484$266,125$412,378
48657Sanford, MI 486579.7 mi17$5,635,449$264,750$331,497
48637Merrill, MI 4863711.7 mi3$464,700$154,900$154,900
48611Auburn, MI 4861112.6 mi18$5,074,740$232,400$281,930
48662Wheeler, MI 4866213.1 mi1$230,000$230,000$230,000
48880Saint Louis, MI 4888014.6 mi16$2,543,776$140,100$158,986
48883Shepherd, MI 4888316.8 mi13$3,849,521$243,175$296,117
48631Kawkawlin, MI 4863118.1 mi8$1,984,384$261,175$248,048
48609Saginaw, MI 4860918.4 mi32$11,354,656$189,675$354,833
48652Rhodes, MI 4865219.4 mi2$559,800$279,900$279,900
48604Saginaw, MI 4860419.8 mi23$4,638,548$134,900$201,676
48602Saginaw, MI 4860221.4 mi155$16,125,270$89,900$104,034
48801Alma, MI 4880122.2 mi46$11,279,936$211,000$245,216

Frequently Asked Questions

How many homes are for sale in MIDLAND, MI 48640?

As of September 2026, there are 126 active listings in MIDLAND, MI (zip code 48640), compared to 108 the prior year.

What is the median home price in MIDLAND, MI 48640?

The median listing price in MIDLAND, MI 48640 is $318,000 as of September 2026, a 0% increase from $318,000 the prior year.

How long do homes stay on the market in MIDLAND, MI?

Homes in MIDLAND, MI 48640 spend an average of 45 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in MIDLAND, MI 48640?

Based on current inventory and days-on-market data as of September 2026, MIDLAND, MI 48640 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 45 days on market compared to 34 days last year.

How much can I save on real estate commission in MIDLAND, MI?

With SELL123.com's maximum 3% commission, sellers in MIDLAND, MI 48640 save an estimated $6,360 compared to a typical 5% commission on the median listing price of $318,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.