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BALDWIN, MI 49304

Real Estate Market Report  ·  Lake County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
36
⇩ 5.3% vs 38 last year
Pending
6
17% pending ratio
Median Price
$222,400
⇧ 34.9% vs $164,900 last year
Average Price
$461,973
⇩ 1.6% vs $469,483 last year
Days on Market
107
⇧ 13.8% vs 94 days last year

Market Context

Population: 4,614  ·  Density: 15.6/mi²  ·  Median household income: $35,882

Typical home value: $104,010  ·  Homeownership: 76.1%

Market Analysis

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

The BALDWIN, MI real estate market (49304) currently shows 36 active listings, with 6 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 107 days on market compared to 94 days last year.

The median listing price has risen 34.9% year-over-year, from $164,900 to $222,400.

Whether you are buying or selling in BALDWIN, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 38 last year
  • Days on market: 107 now vs 94 last year

Median & Average Pricing

Year over Year
  • Median: $222,400 (+34.9% YoY)
  • Average: $461,973 (-1.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.4 miles — 209 listings ($75,668,313 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49304Baldwin, MI 493040.0 mi36$16,631,028$222,400$461,973
49402Branch, MI 494028.2 mi7$3,467,800$599,000$495,400
49309Bitely, MI 4930910.4 mi9$2,206,674$169,500$245,186
49644Irons, MI 4964413.8 mi19$6,708,995$259,900$353,105
49312Brohman, MI 4931215.7 mi2$419,800$209,900$209,900
49677Reed City, MI 4967716.5 mi12$2,566,584$177,450$213,882
49338Paris, MI 4933816.8 mi2$374,900$187,450$187,450
49689Wellston, MI 4968920.9 mi10$1,670,560$179,900$167,056
49411Free Soil, MI 4941123.4 mi9$3,788,901$322,000$420,989
49349White Cloud, MI 4934923.6 mi19$6,112,433$255,000$321,707
49420Hart, MI 4942024.2 mi22$6,365,502$259,900$289,341
49688Tustin, MI 4968825.9 mi14$4,599,504$341,900$328,536
49431Ludington, MI 4943126.4 mi48$20,755,632$345,000$432,409

Frequently Asked Questions

How many homes are for sale in BALDWIN, MI 49304?

As of January 2026, there are 36 active listings in BALDWIN, MI (zip code 49304), compared to 38 the prior year.

What is the median home price in BALDWIN, MI 49304?

The median listing price in BALDWIN, MI 49304 is $222,400 as of January 2026, a 34.9% increase from $164,900 the prior year.

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

Homes in BALDWIN, MI 49304 spend an average of 107 days on the market before going under contract, compared to 94 days the prior year.

Is it a seller's or buyer's market in BALDWIN, MI 49304?

Based on current inventory and days-on-market data as of January 2026, BALDWIN, MI 49304 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 107 days on market compared to 94 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BALDWIN, MI 49304 save an estimated $4,448 compared to a typical 5% commission on the median listing price of $222,400. 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.