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All market snapshots / 48706

Bay City, MI 48706 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Bay City, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 5959PendingPending sales: 55
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): $239k$239kSoldMedian sold price (last 6 months): $198k$198k
What homes actually sell for in Bay City, MI
Distribution of 331 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $131k to $280k
$60k to $106k: 39 sales$60k$106k to $152k: 55 sales$152k to $198k: 56 sales56sales$152k$198k to $244k: 55 sales$244k to $290k: 36 sales$244k$290k to $336k: 27 sales$336k to $383k: 16 sales$336k$383k to $429k: 14 salesMedian $198k

What the numbers say

As of October 26, 2026, Resideline is tracking 59 active listings and 5 pending sales in ZIP code 48706. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $239,000, while the median of the 331 closed sales Resideline tracked over the last six months was $198,000. 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 87 days.

Frequently asked questions

What is the median home price in 48706?

The median closed sale price in Bay City, MI 48706 was $198,000 over the last six months, based on 331 closed sales tracked by Resideline. The middle half of those sales ranged from $131,000 to $280,000.

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

Resideline is currently tracking 5 pending sales against 59 active listings in 48706, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 48706 is currently a typical-pace market.

Nearby ZIP code market data

Full Bay City, MI housing market report →

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