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Bay City, MI 48708 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: 0.03
ActiveActive listings: 3636PendingPending sales: 11
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): $159k$159kSoldMedian sold price (last 6 months): $139k$139k
What homes actually sell for in Bay City, MI
Distribution of 223 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $97k to $185k
$45k to $89k: 37 sales$45k$89k to $132k: 57 sales57sales$132k to $176k: 56 sales$132k$176k to $220k: 22 sales$220k to $264k: 15 sales$220k$264k to $308k: 6 sales$308k to $351k: 5 sales$308k$351k to $395k: 2 salesMedian $139k

What the numbers say

As of October 26, 2026, Resideline is tracking 36 active listings and 1 pending sales in ZIP code 48708. That pending-to-active ratio of 0.03 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $158,950, while the median of the 223 closed sales Resideline tracked over the last six months was $139,000. 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 48708 for 79 days.

Frequently asked questions

What is the median home price in 48708?

The median closed sale price in Bay City, MI 48708 was $139,000 over the last six months, based on 223 closed sales tracked by Resideline. The middle half of those sales ranged from $97,000 to $185,000.

Is 48708 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 36 active listings in 48708, a pending-to-active ratio of 0.03. 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, 48708 is currently a slower-moving market.

Nearby ZIP code market data

Full Bay City, MI housing market report →

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