Is Applegate, MI 48401 a buyer’s or seller’s market?
Applegate is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Applegate housing market right now
In the three months ending August 31, 2026, 50% of homes in Applegate, MI 48401 sold above their list price, the typical home went under contract in 34 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (79 days then) and the median sale price rose 43% to $346,850. Overall, Applegate is more competitive than a year ago, so tougher for buyers.
Within Sanilac County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Ubly 48475 (0% sold over asking) or Snover 48472 (0% sold over asking).
Run the numbers for 48401
Nearby markets
Brown City 48416Seller’s market $116 /sq ftCarsonville 48419Balanced $242 /sq ftCroswell 48422Seller’s market $119 /sq ftDecker 48426 — /sq ft Browse all markets →Towns like Applegate nearby
Find towns like Applegate in other states →Where Applegate is
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Questions about Applegate real estate
Is Applegate a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Applegate, MI 48401 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Applegate?
The typical home went under contract in 34 days in the latest three months.
Do homes in Applegate sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in Applegate?
About 0.90% of a home’s value a year in Sanilac County, or roughly $3,600 on a $400,000 home.
What is the median home price in Applegate?
The median sale price was $346,850 in the three months ending August 31, 2026, about $183 per square foot.
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More tools for 48401
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology