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All market snapshots / 48706

Bay City, MI 48706 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Bay City, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.24
ActiveActive listings: 5151PendingPending sales: 1212
Bay City, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $280k$280kSoldMedian sold price (last 6 months): $190k$190k
What homes actually sell for in Bay City, MI
Distribution of 327 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $128k to $288k
$53k to $99k: 39 sales$53k$99k to $145k: 52 sales$145k to $191k: 59 sales59sales$145k$191k to $237k: 43 sales$237k to $283k: 35 sales$237k$283k to $328k: 29 sales$328k to $374k: 18 sales$328k$374k to $420k: 19 salesMedian $190k

What the numbers say

As of September 14, 2026, Resideline is tracking 51 active listings and 12 pending sales in ZIP code 48706. That pending-to-active ratio of 0.24 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $279,900, while the median of the 327 closed sales Resideline tracked over the last six months was $190,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48706 for 61 days.

Frequently asked questions

What is the median home price in 48706?

The median closed sale price in Bay City, MI 48706 was $190,000 over the last six months, based on 327 closed sales tracked by Resideline. The middle half of those sales ranged from $128,000 to $288,000.

Is 48706 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 51 active listings in 48706, a pending-to-active ratio of 0.24. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48706 currently looks like a balanced market.

Nearby ZIP code market data

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