Is Freeland, MI 48623 a buyer’s or seller’s market?

The Freeland housing market right now

In the three months ending August 31, 2026, 28% of homes in Freeland, MI 48623 sold above their list price, the typical home went under contract in 23 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 48 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (16 days then) and the median sale price rose 17% to $379,836. Overall, Freeland is about as competitive as it was a year ago.

Within Saginaw County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 61%. On our competition score, Freeland ranks #242 of 510 MI ZIP codes with enough sales (score 67 out of 100).

Nearby, buyers who want less competition could look at Carrollton 48724 (0% sold over asking) or Frankenmuth 48734 (9% sold over asking), while Saginaw 48607 (100% sold over asking) and Hemlock 48626 (53% sold over asking) are even more competitive.