| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $184,950 | -10.3% YoY |
| Median price per sq ft | $131 | 1,530 sq ft median |
| Median days on market | 48 | +31% YoY |
| Active listings | 248 | +41% YoY |
| New listings this month | 98 | September 2026 |
| Listings with a price cut | 28% | Share of active |
| Median sale price (closed) | $200,000 | +10.1% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 98.9% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 64.0% | 159 pending |
| Inventory vs 2019 | 68% | Active listings vs same month in 2019 |
| Gross rental yield | 6.7% | 2BR fair market rent |
Metropolitan market · Michigan · September 2026 data
What is the Bay City, MI real estate market doing?
As of September 2026, the median home listed in Bay City, MI asks $184,950, down 10.3% year over year. Homes spend a median of 48 days on market, with 248 active listings and 28% carrying a price cut; pending contracts equal 64% of active listings, and inventory sits at 68% of the same month in 2019 — a balanced market. Estimated gross rental yield on the median listing is 6.7%. Figures come from public records and industry data, updated monthly.
Median listing price
$184,950
▼ 10.3% YoY
Median $ / sq ft
$131
1,530 sq ft median
Median days on market
48
September 2026
Active listings
248
For sale now
New listings
98
September 2026
Listings with price cuts
28%
Share of active
Inventory vs 2019
68%
Same month, 2019 = 100
Pending / active
64%
Contract activity
Median sale price (closed)
$200,000
▲ 10.1% YoY · closed sales · July 2026
Sale-to-list ratio
98.9%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
109
Closed sales · July 2026, seasonally adjusted
What is the Bay City, MI housing market doing right now?
The Bay City, MI housing market lists at a $184,950 median as of September 2026, down 10.3% year over year, with a 48-day median market time and 248 homes for sale (28% with a price cut). Active inventory is 68% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule. Gross rental yield is about 6.7%.
Bay City housing market statistics
The table summarizes Bay City's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Bay City.
How have home prices changed in Bay City?
Bay City home prices are down 10.3% year over year and -5.1% month over month as of September 2026, at a $184,950 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Bay City MI · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Bay City MI · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Bay City?
Bay City has 248 active listings, 98 new this month, 159 pending as of September 2026. About 28% of active listings have cut their price, and inventory sits at 68% of its 2019 level — a balanced market by pace.
Is Bay City a good real estate investment?
Bay City scores 60/100 on WealthyBud's composite Investor Score, ranking #257 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
60/100
#257 of 933 covered metros
Price volatility
Medium
σ 6.4% · 20-yr price-index swings
Bay City scores 60/100 on our composite Investor Score (#257 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 55% over five years and +99% over ten, leaving prices 102% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,030/mo for a two-bedroom, the gross rental yield on the median listing is about 6.7%; active inventory sits at 68% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 10.3% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Bay City ranks on the trending markets index.
How much is a monthly mortgage payment in Bay City?
A home at Bay City's $184,950 median listing runs about $1,012 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$914/mo
−$98/mo vs today
At today's rate · 7.28%
$1,012/mo
National weekly average
If rates rise 1% · 8.28%
$1,115/mo
+$102/mo vs today
Principal & interest on the $184,950 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Bay City?
To buy Bay City’s $184,950 median listing with 20% down, a household needs about $54,000 a year in gross income, keeping principal, interest and property tax ($1,264/mo) at 28% of income. The area’s median household income is $60,523, so the median listing is within reach of a typical Bay City household on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $184,950 | September 2026 |
| Down payment (20%) | $36,990 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $1,012/mo | Rate as of 2026-10-01 |
| Property tax (1.63% effective rate) | $251/mo | Census ACS |
| Income needed (28% rule) | $54,000 | Gross household income / yr |
| Median household income | $60,523 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Bay City housing market?
Longer-run demand in Bay City shows up in 59 homes permitted in 2025; net migration of +196 residents; +0.6% job growth. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
59
▲ 51.3% vs 2024
0.6 per 1,000 residents
Net migration (2022–2023)
+196
▲ people, via tax-return records
net income flow +$237,000/yr
Job growth (YoY)
+0.6%
▲ 36.0k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
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ReadBay City housing market FAQ
What is the median home price in Bay City?
As of September 2026, the median listing price in Bay City, MI is $184,950, down 10.3% year over year (source: public records and industry data). Figures cover the Bay City, MI metro area.
How much does it cost to buy a home in Bay City?
The median home listed in Bay City asks $184,950 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,012 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Bay City?
The median property in Bay City spends 48 days on the market, with 248 homes actively listed and 28% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Bay City?
With a median 48 days on market and 28% of active listings carrying a price cut, pending contracts at 64% of active listings, Bay City reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Bay City a good place to invest in real estate?
Bay City scores 60/100 on WealthyBud's Investor Score, ranking #257 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Bay City?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Bay City and the wider Michigan market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures cover the Bay City, MI metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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