Market Intelligence Report — MI-020

Bay City, MI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MI-08
As of the latest 2026 data
Accelerated

Median Listing

$195K
-0.1% YoY

Pending Ratio

0.72
-10.6% YoY

Active Inventory

262
+59.8% YoY

Median DOM

40 Days
+14.3% YoY

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The Bay City housing market is experiencing an accelerated pace of activity, driven by a pending ratio of 0.72. This indicates robust demand absorption relative to available inventory, despite a notable year-over-year increase in active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.4%-1.0 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

102,123-0.3% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Bay City market right now.

Active listings have expanded significantly, increasing by 59.8% over the past year to 262 units, with new listings also rising by 32.1%. Despite this substantial growth in supply, the pending ratio of 0.72 signals strong demand, although it has declined by 10.6% year-over-year. The median listing price has remained relatively stable, experiencing only a marginal 0.1% year-over-year decrease.

Historical Analysis

Market Trends

Median Price

$195K-0.3% MoM

Active Inventory

262+59.8% YoY

Days on Market

40+14.3% YoY

Sold Score™

64-10.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

64
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The elevated pending ratio suggests that properties are being absorbed at a brisk pace, which places pressure on available inventory. This environment generally necessitates agile decision-making for purchasers, as the window for negotiation may be compressed. For sellers, this sustained demand provides a foundation for price discipline and efficient transaction timelines.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

262 active listings represent the current floor, with new supply arriving at roughly 148 per month.

Pricing Pressure
21.6%

of active listings carry a price reduction, +0.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.1% year-over-year.

Absorption
0.72

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Bay City, MI? Homes here are taking 5 days longer to sell than last year.

Demand in Bay City, MI is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
72%
Median Days on Market
40 days
Inventory YoY
+60%

Demand is strong in Bay City, MI. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Bay City, MI
CBSA Code
13020
State
MI