Bay City, TX – Mid-Year Housing Market Report – January to July 2025
Market Overview
The Bay City housing market through the first half of 2025 reflects a steady sales environment with moderate concessions and some signs of list price inflation among active listings. Here’s what the data reveals:
Closed Sales Activity
Total Closed Sales: 69
Median Closed Price: $205,000
Median Original List Price (Sold Homes): $209,900
Median Days on Market (DOM): 19 days
Seller Concessions (Over $1):
• 30.4% of sales included concessions
• Median Concession (if given): $6,250
Price Range: $25,000 to $420,000
Interpretation:
Bay City homes that sell are doing so relatively quickly, with a median of just 19 days on market — signaling strong buyer interest in the entry and mid-level price tiers. Roughly 1 in 3 sellers is still offering financial concessions to close the deal, which may point to buyer leverage in some segments.
Current Active Listings (Inventory Snapshot)
Total Active Listings: 94
Median List Price: $299,450
Median Days on Market: 40 days
Price Range: $2 to $699,000
Interpretation:
The active listings are priced significantly higher than the homes that have actually sold. This gap — nearly $95,000 between median list price and median sale price — could indicate unrealistic seller expectations, overpricing, or a shift toward larger and higher-end properties on the market.
Narrative Insights
1. Prices for Homes That Sell Are Steady and Modest:
Most homes that sold in Bay City did so for around $205K, suggesting that this is the sweet spot for buyers right now.
2. Homes Are Selling Fast:
A median DOM of just 19 days for sold properties means well-priced homes move quickly — often in under 3 weeks.
3. Many Sellers Still Making Concessions:
About 1 in 3 homes sold with seller-paid closing costs or concessions, averaging around $6,250. This suggests some negotiation power remains with buyers.
4. Gap Between Listed and Sold Prices:
The median asking price of active homes is over $299K, which may be out of reach for many buyers if demand remains centered on the $200K range. Properties priced above local affordability levels may sit longer or require future reductions.
Potential Risks and Opportunities
- Sellers listing above $300K should monitor DOM closely and be prepared to reduce price or offer incentives.
- Buyers may find negotiation leverage in active listings that sit for 40+ days.
- Appraisers and agents should watch for price mismatches between active listings and actual market absorption trends.
Legal Disclaimer
This report is based on statistical analysis of MLS data from January through July 2025 and is intended for general informational purposes. All information is deemed reliable but is not guaranteed. This report is not intended as legal, financial, or real estate advice. Parties should consult a qualified real estate appraiser or licensed real estate professional before making any decisions based on the information presented. Use of this report is at the reader's own discretion. Data is subject to change based on market fluctuations and MLS revisions.
