$1,519 Closing Credit*
$127,900
1,025 SqFt
3 Beds
•1 Full Bath
Taylor Cobb, Listing Office: Mid-Mitten Realty
Is Bay City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bay City has remained a Seller's Market.
Key Takeaway
Bay City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay City, MI
How much do homes in Bay City, MI cost?
Median Sold Price
$141,181
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,224(+4.6%)
Key Takeaway
Homes in Bay City have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Bay City was $141,181 in October 2024, up 4.6% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $61.4K | +11.7% |
| 2 Bedrooms | $109.4K | $120K | +9.6% |
| 3 Bedrooms | $153.7K | $152.5K | -0.8% |
| 4 Bedrooms | $135K | $155.1K | +14.9% |
| 5+ Bedrooms | $140K | $150K | +7.1% |
Summary: Bay City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Hampton Charter Township | $129.2K | $223K | +72.5% |
| Bangor Charter Township | $165K | $199.9K | +21.2% |
| Bay City | $134.9K | $141.1K | +4.6% |
Housing Supply in Bay City, MI
How many homes are available in Bay City, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 216 | 233 | +7.9% |
Summary: The Bay City real estate market had 233 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 55 | 58 | +5.5% |
| 3 Bedrooms | 108 | 120 | +11.1% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Bay City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 79 | +33.9% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay City, you could pay more than the asking price. 43% of homes here sold above asking price last month.
Summary: A total of 79 homes were sold or pending in Bay City in October 2024, up by 33.9% month-over-month. Of the 79 sold homes, 41% were sold under asking, 16% were sold at asking, and 43% were sold over asking.
Days on Market for Bay City, MI
How long does it take to sell a home in Bay City, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -15.9% |
Summary: Homes in Bay City had an average of 21 days on market in Oct 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bay City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 79 homes were sold in Bay City; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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