Is Gladwin, MI 48624 a buyer’s or seller’s market?
Gladwin is a seller’s market. With about 3.7 months of supply and 11% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 24% of U.S. ZIP codes, and #464 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gladwin housing market right now
In the three months ending August 31, 2026, 11% of homes in Gladwin, MI 48624 sold above their list price, the typical home went under contract in 43 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 97 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (35 days then) and the median sale price rose 2% to $238,897. Overall, Gladwin is less competitive than a year ago, which gives buyers more room.
On our competition score, Gladwin ranks #464 of 510 MI ZIP codes with enough sales (score 28 out of 100).
Nearby, Rhodes 48652 (100% sold over asking) and Beaverton 48612 (18% sold over asking) are even more competitive.
Run the numbers for 48624
Nearby markets
Alger 48610Seller’s market $159 /sq ftBeaverton 48612Seller’s market $165 /sq ftRhodes 48652Buyer’s market $60 /sq ft Browse all markets →Towns like Gladwin nearby
Find towns like Gladwin in other states →Where Gladwin is
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Questions about Gladwin real estate
Is Gladwin a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Gladwin, MI 48624 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 Gladwin?
The typical home went under contract in 43 days in the latest three months.
Do homes in Gladwin sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Gladwin?
About 1.15% of a home’s value a year in Gladwin County, or roughly $4,600 on a $400,000 home.
What is the median home price in Gladwin?
The median sale price was $238,897 in the three months ending August 31, 2026, about $162 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology