Inventory in Bay City has expanded in this rolling three-month view, with active listings up about 31% year over year to 259. New listings are also higher, rising nearly 27% from a year ago, which gives buyers more options than last spring. Even with more homes available, 149 properties moved to pending status and 114 closed, both modestly above last year, showing steady demand.
Pricing has been relatively stable, with the typical home value up just over 3% year over year, now around the mid-$120,000s. List prices are slightly lower than a year ago, suggesting sellers may be adjusting expectations as inventory grows and buyers have more choices.
Homes are still selling at a healthy pace, spending a median of 19 days on the market in the latest period, while about 59% go off-market within two weeks. Months of supply has climbed to 3.1 from roughly 1.7 a year earlier, easing conditions compared with recent years even though it is still labeled a seller’s market. Only about 26% of homes are closing above list, down from roughly half in 2023, and the average sale-to-list ratio is just under 99%. With these shifting dynamics between supply, speed, and pricing, both buyers and sellers in Bay City can benefit from Agent Pronto’s help in finding a local agent who understands the current market.
