48198 — Washtenaw County, Michigan Market Snapshot
Housing market data for zip code 48198 in Washtenaw County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
127 sales in 2026 (year to date)
Median Sale Price
$233,550
Days to Sell
38
Homes Sold
127
Inventory
62
Sale-to-List
99.1%
New Listings
148
Price/SqFt
$186
Pending Sales
140
Conforming Loan Available
Most homebuyers in 48198 can comfortably use conventional financing. The median home price of $233,550 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
48198's market is balanced with homes taking an average of 38 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 48198 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48198 can comfortably use conventional financing. The median home price of $233,550 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 48198 are set at the county level.
2026 Loan Limits — Washtenaw 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 48198
To purchase the median home at $233,550 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,939.
Monthly Payment
$1,939
Income Required
$83,116
Principal & Interest
$1,439/mo
Down Payment (5%)
$11,678
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 48198.
Estimated Monthly Payment
$1,595
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 48198. Tell us what you're looking for.