Is Reese, MI 48757 a buyer’s or seller’s market?

The Reese housing market right now

In the three months ending August 31, 2026, 25% of homes in Reese, MI 48757 sold above their list price, the typical home went under contract in 21 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (110 days then) and the median sale price fell 33% to $123,721. Overall, Reese is more competitive than a year ago, so tougher for buyers.

Within Tuscola County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%.

Nearby, buyers who want less competition could look at Kingston 48741 (0% sold over asking) or Deford 48729 (0% sold over asking), while Fostoria 48435 (50% sold over asking) and Caro 48723 (38% sold over asking) are even more competitive.