by Corey Davis

Bay City, OR 97107

Single-Family Homes


Bay City, OR 97107

Thu Nov 21 2024
This week the median list price for Bay City, OR 97107 is $424,900 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has decreased to 9. Click here to stay informed with the Bay City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Bay City, OR 97107

Thu Nov 21 2024
This week the median list price for Bay City, OR 97107 is $424,900 with the market action index hovering around 30. This is less than last month's market action index of 32. Inventory has decreased to 9. Click here to stay informed with the Bay City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Bay City market.
Median List Price $424,900
Median Price of New Listings $0
Per Square Foot $305
Average Days on Market 195
Median Days on Market 161
Price Decreased 67%
Price Increased 0%
Relisted 22%
Inventory 9
Median Rent
Market Action 30
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$887,250 2,585 0.5 - 1 acre 3 2.5 10 0 0 262
$712,500 1,859 0.5 - 1 acre 2 1.8 125 0 0 231
$422,450 1,518 4,500 - 6,500 sqft 3 2.5 2 0 0 49
$389,000 1,556 0.25 - 0.5 acre 3 2.5 0 0 0 308