$925 Closing Credit*
$77,900
950 SqFt
2 Beds
•1 Full Bath
Sherry Bliss, Andie Holbrook, Listing Office: RE/MAX New Image
Is Bay City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$140,139
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,139(+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 $140,139 in November 2024, up 4.6% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $61.4K | +11.7% |
| 2 Bedrooms | $110.7K | $119.5K | +7.9% |
| 3 Bedrooms | $158.5K | $152.9K | -3.5% |
| 4 Bedrooms | $130K | $155K | +19.2% |
| 5+ Bedrooms | $134K | $147K | +9.7% |
Summary: Bay City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Bangor Charter Township | $172.5K | $206K | +19.4% |
| Essexville | $165K | $180K | +9.1% |
| Bay City | $134K | $140.1K | +4.6% |
Housing Supply in Bay City, MI
How many homes are available in Bay City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 230 | 211 | -8.3% |
Summary: The Bay City real estate market had 211 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 59 | 51 | -13.6% |
| 3 Bedrooms | 119 | 105 | -11.8% |
| 4 Bedrooms | 36 | 46 | +27.8% |
| 5+ Bedrooms | 15 | 9 | -40.0% |
Summary: The Bay City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 46 | -43.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay City, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Bay City in November 2024, down by 43.9% month-over-month. Of the 46 sold homes, 52% were sold under asking, 17% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 24 Days | -21.8% |
Summary: Homes in Bay City had an average of 24 days on market in Nov 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 46 homes were sold in Bay City; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% 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.