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Bay City, MI 48708 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: 0.09
ActiveActive listings: 3434PendingPending sales: 33
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): $92k$92kSoldMedian sold price (last 6 months): $137k$137k
What homes actually sell for in Bay City, MI
Distribution of 219 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $96k to $185k
$42k to $95k: 41 sales$42k$95k to $147k: 70 sales70sales$147k to $199k: 46 sales$147k$199k to $251k: 26 sales$251k to $303k: 4 sales$251k$303k to $356k: 6 sales$356k to $408k: 3 sales$356k$408k to $460k: 2 salesMedian $137k

What the numbers say

As of September 14, 2026, Resideline is tracking 34 active listings and 3 pending sales in ZIP code 48708. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $92,400, while the median of the 219 closed sales Resideline tracked over the last six months was $136,810. 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 60 days.

Frequently asked questions

What is the median home price in 48708?

The median closed sale price in Bay City, MI 48708 was $136,810 over the last six months, based on 219 closed sales tracked by Resideline. The middle half of those sales ranged from $95,700 to $185,000.

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

Resideline is currently tracking 3 pending sales against 34 active listings in 48708, a pending-to-active ratio of 0.09. 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, 48708 currently looks like a balanced market.

Nearby ZIP code market data

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