Is Bay City, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bay City is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Bay City was a Seller's Market.

Key Takeaway

Bay City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bay City, TX

How much do homes in Bay City, TX cost?

Median Sold Price

$215,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$19,950(-8.5%)

Key Takeaway

Homes in Bay City have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in Bay City was $215,000 in December 2024, down 8.5% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $215K$170K
-20.9%
2 $174K$197K
+13.2%
3 $217.7K$204.5K
-6.1%
4 $247.9K$270K
+8.9%
5+ $420K$313.1K
-25.4%

Summary: Bay City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 25.4%.

Housing Supply in Bay City, TX

How many homes are available in Bay City, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
103104+1.0%

Summary: The Bay City real estate market had 104 homes for sale in December 2024, a 1.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 55
0.0%
2 2926
-10.3%
3 4043
+7.5%
4 2423
-4.2%
5+ 57
+40.0%

Summary: The Bay City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bay City, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Bay City in December 2024, up by 100.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Bay City, TX

How long does it take to sell a home in Bay City, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
144 Days48 Days-66.4%

Summary: Homes in Bay City had an average of 48 days on market in Dec 2024, down by 66.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bay City are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 14 homes were sold in Bay City; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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