48732 — Bay County, Michigan Market Snapshot
Housing market data for zip code 48732 in Bay County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
24 sales in 2026 (year to date)
Median Sale Price
$186,527
Days to Sell
11
Homes Sold
24
Inventory
18
Sale-to-List
98.3%
New Listings
41
Price/SqFt
$135
Pending Sales
40
Conforming Loan Available
Most homebuyers in 48732 can comfortably use conventional financing. The median home price of $186,527 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48732 is an extremely competitive market with homes selling in just 11 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48732 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48732 can comfortably use conventional financing. The median home price of $186,527 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48732 are set at the county level.
2026 Loan Limits — Bay County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48732
To purchase the median home at $186,527 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,579.
Monthly Payment
$1,579
Income Required
$67,676
Principal & Interest
$1,149/mo
Down Payment (5%)
$9,326
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48732.
Estimated Monthly Payment
$1,304
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