Is Greenbush, MI 48738 a buyer’s or seller’s market?
Greenbush is a buyer’s market. With about 7.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Greenbush housing market right now
In the three months ending August 31, 2026, 0% of homes in Greenbush, MI 48738 sold above their list price, the typical home went under contract in 76 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (47 days then) and the median sale price fell 20% to $235,898. Overall, Greenbush is less competitive than a year ago, which gives buyers more room.
Within Alcona County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Barton City 48705 (33% sold over asking) and Spruce 48762 (14% sold over asking) are even more competitive.
Run the numbers for 48738
Nearby markets
Barton City 48705Balanced $153 /sq ftBlack River 48721Seller’s market $152 /sq ftCurran 48728Buyer’s market $173 /sq ftGlennie 48737Buyer’s market $96 /sq ft Browse all markets →Towns like Greenbush nearby
Find towns like Greenbush in other states →Where Greenbush is
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Questions about Greenbush real estate
Is Greenbush a buyer’s or seller’s market?
A buyer’s market: there were 7.3 months of supply in Greenbush, MI 48738 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 Greenbush?
The typical home went under contract in 76 days in the latest three months.
Do homes in Greenbush sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Greenbush?
About 0.82% of a home’s value a year in Alcona County, or roughly $3,280 on a $400,000 home.
What is the median home price in Greenbush?
The median sale price was $235,898 in the three months ending August 31, 2026, about $231 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