$265,000
0.12 Acres
Land
Rayanna Eury, Listing Office: Gulf Coast Star Realty, LLC
Is Bay City, TX 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 Buyer'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 November 2023
-$20,000(-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 November 2024, down 8.5% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $170K | -20.9% |
| 2 Bedrooms | $184.5K | $177K | -4.1% |
| 3 Bedrooms | $218.4K | $205K | -6.1% |
| 4 Bedrooms | $245K | $252.5K | +3.1% |
| 5+ Bedrooms | $420K | $283K | -32.6% |
Summary: Bay City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 32.6%.
Housing Supply in Bay City, TX
How many homes are available in Bay City, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 112 | 0.0% |
Summary: The Bay City real estate market had 112 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 29 | 29 | 0.0% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Bay City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bay City, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bay City in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 61 Days | +228.1% |
Summary: Homes in Bay City had an average of 61 days on market in Nov 2024, up by 228.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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, 8 homes were sold in Bay City; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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