Is Tawas City, MI 48763 a buyer’s or seller’s market?

The Tawas City housing market right now

In the three months ending August 31, 2026, 0% of homes in Tawas City, MI 48763 sold above their list price, the typical home went under contract in 60 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold more slowly (37 days then) and the median sale price fell 23% to $199,414. Overall, Tawas City is less competitive than a year ago, which gives buyers more room.

Within Iosco County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Tawas City ranks #504 of 510 MI ZIP codes with enough sales (score 11 out of 100).

Nearby, Oscoda 48750 (19% sold over asking) and National City 48748 (13% sold over asking) are even more competitive.