Bay City Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Bay City averaged 7.25% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.54% and one month ago for the week of 2023-08-17, the average rate was 7.35%.

    Bay City's average rate one year ago was 6.08%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.19%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Bay City 30 Year Fixed Rate 2023-09-21 7.25%
    Bay City 30 Year Fixed Rate Refi 2023-09-21 7.19%
    Bay City 15 Year Fixed Rate 2023-09-21 6.64%
    Bay City 15 Year Fixed Rate Refi 2023-09-21 6.74%
    Bay City 30 Year FHA 2023-09-21 7.04%
    Bay City 30 Year FHA Refi 2023-09-21 6.84%
    Bay City 30 Year USDA 2023-09-21 7.12%
    Bay City 30 Year USDA Refi 2023-09-21 7.02%
    Bay City 30 Year VA 2023-09-21 7.02%
    Bay City 30 Year VA Refi 2023-09-21 6.82%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bay City, TX.

    Bay City Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Bay City, TX market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Gateway First Bank 34 4.94% $5,630
    TEXAS DOW EMPLOYEES CREDIT UNION 27 5.69% $4,676
    QUICKEN LOANS, LLC 14 5.18% $6,187
    Prosperity Bank 12 4.60% $5,488
    SOUTHWEST FUNDING, LP 11 5.51% $10,940
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 4.77% $9,676
    FIRST SERVICE Credit Union 4 4.46% $7,600
    Mr. Cooper ( Nationstar Mortgage ) 4 4.72% $7,298
    UNITED WHOLESALE MORTGAGE, LLC 4 6.94% $8,191
    Flagstar Bank, FSB 4 5.88% $7,717
    Network Funding, L.P. 4 5.81% $7,546
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 5.22% $6,326
    AMCAP MORTGAGE, LTD. 3 5.33% $6,025
    Citizens Bank 3 4.17% $14,140
    MOVEMENT MORTGAGE, LLC 3 4.77% $7,153
    MEMBER HOME LOAN, L.L.C. 3 6.21% $5,545
    Wells Fargo Bank 3 4.79% $5,301
    AgFirst Farm Credit Bank 2 4.44% $9,954
    GENEVA FINANCIAL, LLC 2 7.50% $5,398
    AMERICAN FINANCING CORPORATION 2 4.88% $11,036
    GUILD MORTGAGE COMPANY 2 6.06% $9,062
    CROSSCOUNTRY MORTGAGE, LLC 2 4.81% $7,973
    CARDINAL FINANCIAL 2 6.31% $13,789
    JPMorgan Chase Bank 2 4.87% $4,520
    FIRST COMMUNITY CREDIT UNION 2 5.06% $7,223
    First National Bank of America 2 7.94% $12,591
    LOANDEPOT.COM, LLC 2 4.06% $13,413
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.25% $6,328
    USAA Federal Savings Bank 2 6.25% $8,340
    NATIONS RELIABLE LENDING, LLC 2 6.31% $5,422
    NAVY FEDERAL CREDIT UNION 2 4.88% $4,988
    PENNYMAC LOAN SERVICES, LLC 1 5.00% $5,257
    Plains Commerce Bank 1 6.38% $5,256
    R Bank 1 4.63% $12,664
    Regions Bank 1 4.88% $7,137
    S1L, Inc. 1 5.13% $8,007
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.13% $7,631
    SECURITY SERVICE 1 5.00% $3,584
    SENTE MORTGAGE, INC. 1 6.99% $5,741
    SFMC, LP 1 6.12% $11,044
    Stifel Bank and Trust 1 4.63% $4,151
    T2 FINANCIAL LLC 1 3.25% $5,969
    THRIVE MORTGAGE, LLC 1 6.63% $8,543
    UNION HOME MORTGAGE CORP. 1 6.13% $6,613
    UNITED MORTGAGE CORP 1 6.13% $10,065
    UNIVERSITY Federal Credit Union 1 4.75% $6,993
    Watermark Capital, Inc. 1 2.75% $3,108
    Waterstone Mortgage Corporation 1 5.63% $5,334
    Wolfe Financial, Inc 1 6.00% $14,168
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.50% $5,762
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.88% $12,383
    AMERICA'S CHOICE HOME LOANS LP 1 5.50% $4,659
    AMERISAVE MORTGAGE CORPORATION 1 5.63% $4,390
    AMPLIFY 1 5.63% $6,521
    ASPIRE FINANCIAL, INC. 1 4.38% $9,181
    Bank of America 1 2.75% $5,779
    Beeline Loans, Inc. 1 6.63% $7,462
    Citadel Servicing Corporation 1 10.37% $7,395
    City Bank 1 6.25% $8,969
    Colonial Savings, F.A. 1 7.13% $5,042
    CONTOUR MORTGAGE CORPORATION 1 4.25% $3,489
    CORNERSTONE HOME LENDING, INC. 1 3.38% $7,971
    COUNTRYPLACE MORTGAGE, LTD. 1 7.00% $0
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.13% $3,205
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 4.88% $6,632
    First United Bank and Trust Company 1 3.50% $7,269
    GREAT WESTERN FINANCIAL SERVICES, INC. 1 3.63% $6,182
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $9,271
    HOME POINT FINANCIAL CORPORATION 1 7.50% $11,339
    HOMETRUST MORTGAGE COMPANY 1 4.88% $7,908
    Independent Bank 1 5.50% $4,287
    JSC 1 3.63% $5,140
    LADERA LENDING, INC. 1 6.38% $5,065
    LOANPAL, LLC 1 5.99% $5,174
    Mortgage Research Center, LLC 1 4.99% $3,765
    NAVY ARMY COMMUNITY CREDIT UNION 1 5.50% $4,081
    NBKC BANK 1 5.50% $13,008
    Northpointe Bank 1 5.99% $5,479
    Paramount Residential Mortgage Group, Inc. 1 4.88% $9,664

    Bay City Average Closing Costs & Other Stats

    Bay City, TX's 79 lenders originated 505 loans during 2022. The total origination value was $133,315,000, with an average loan value of $263,990.

    Bay City's average closing costs are $5,684.

    The top Bay City lender as defined by loan originations is Gateway First Bank, with 34 loans originated. Their average total fees are $5,630, which is $954 higher than the next largest lender, TEXAS DOW EMPLOYEES CREDIT UNION.

    The lowest fee Bay City lenders (with over 10 loans originated) are TEXAS DOW EMPLOYEES CREDIT UNION ($4,676), Prosperity Bank ($5,488), Gateway First Bank ($5,630), QUICKEN LOANS, LLC ($6,187) and SOUTHWEST FUNDING, LP ($10,940).

    The lowest rate Bay City lenders (with over 10 loans originated) are Prosperity Bank (4.60%), Gateway First Bank (4.94%), QUICKEN LOANS, LLC (5.18%), SOUTHWEST FUNDING, LP (5.51%) and TEXAS DOW EMPLOYEES CREDIT UNION (5.69%).

    Bay City, TX Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    JONES LANG LASALLE MULTIFAMILY, LLC $20,015,000 n/a 15.0%
    Gateway First Bank $25,830,000 $17,270,000 -33.1% 13.0%
    Prosperity Bank $10,715,000 $11,920,000 11.2% 8.9%
    TEXAS DOW EMPLOYEES CREDIT UNION $11,620,000 $5,470,000 -52.9% 4.1%
    SOUTHWEST FUNDING, LP $6,550,000 $4,880,000 -25.5% 3.7%
    QUICKEN LOANS, LLC $10,665,000 $4,280,000 -59.9% 3.2%
    Mortgage Research Center, LLC $1,590,000 $3,155,000 98.4% 2.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,555,000 $2,780,000 -21.8% 2.1%
    Third Coast Bank SSB $2,360,000 n/a 1.8%
    AMCAP MORTGAGE, LTD. $4,580,000 $2,035,000 -55.6% 1.5%
    UNITED WHOLESALE MORTGAGE, LLC $2,230,000 $1,960,000 -12.1% 1.5%
    Zions Bancorporation, N.A. $500,000 $1,810,000 262.0% 1.4%
    USAA Federal Savings Bank $380,000 $1,685,000 343.4% 1.3%
    Southern Bank $1,645,000 n/a 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $2,135,000 $1,485,000 -30.4% 1.1%
    Network Funding, L.P. $850,000 $1,415,000 66.5% 1.1%
    LOANDEPOT.COM, LLC $1,680,000 $1,255,000 -25.3% 0.9%
    Citizens Bank $800,000 $1,125,000 40.6% 0.8%
    Allegiance Bank $1,105,000 n/a 0.8%
    AMERICAN FINANCING CORPORATION $275,000 $1,005,000 265.5% 0.8%
    Flagstar Bank, FSB $965,000 $1,005,000 4.1% 0.8%
    NAVY FEDERAL CREDIT UNION $1,170,000 $1,005,000 -14.1% 0.8%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $1,175,000 $990,000 -15.7% 0.7%
    21ST MORTGAGE CORPORATION $1,310,000 $955,000 -27.1% 0.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $710,000 $950,000 33.8% 0.7%
    FIRST SERVICE Credit Union $200,000 $910,000 355.0% 0.7%
    First Financial Bank $1,600,000 $900,000 -43.8% 0.7%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $250,000 $890,000 256.0% 0.7%
    FREEDOM MORTGAGE CORPORATION $4,965,000 $890,000 -82.1% 0.7%
    AgFirst Farm Credit Bank $870,000 n/a 0.7%
    GUILD MORTGAGE COMPANY $1,220,000 $830,000 -32.0% 0.6%
    CMG MORTGAGE, INC. $1,215,000 $825,000 -32.1% 0.6%
    MEMBER HOME LOAN, L.L.C. $640,000 $780,000 21.9% 0.6%
    MOVEMENT MORTGAGE, LLC $530,000 $775,000 46.2% 0.6%
    Wells Fargo Bank $1,770,000 $765,000 -56.8% 0.6%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $195,000 $745,000 282.1% 0.6%
    City Bank $740,000 n/a 0.6%
    UNITED BUILT HOMES, L.L.C. $225,000 $725,000 222.2% 0.5%
    COUNTRYPLACE MORTGAGE, LTD. $325,000 $690,000 112.3% 0.5%
    FIRST COMMUNITY CREDIT UNION $285,000 $680,000 138.6% 0.5%
    LAKEVIEW LOAN SERVICING, LLC $1,005,000 $670,000 -33.3% 0.5%
    Bank of America $840,000 $665,000 -20.8% 0.5%
    NATIONS RELIABLE LENDING, LLC $1,060,000 $625,000 -41.0% 0.5%
    AMERISAVE MORTGAGE CORPORATION $920,000 $615,000 -33.2% 0.5%
    First National Bank of Central Texas $605,000 n/a 0.5%
    NBKC BANK $575,000 n/a 0.4%
    Paramount Residential Mortgage Group, Inc. $725,000 $570,000 -21.4% 0.4%
    Wolfe Financial, Inc $155,000 $565,000 264.5% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $535,000 365.2% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $165,000 $510,000 209.1% 0.4%
    T2 FINANCIAL LLC $505,000 n/a 0.4%
    INSPIRE HOME LOANS INC. $490,000 n/a 0.4%
    First National Bank of America $480,000 n/a 0.4%
    HOMESIDE FINANCIAL, LLC $725,000 $475,000 -34.5% 0.4%
    First National Bank in Port Lavaca $165,000 $470,000 184.8% 0.4%
    SECURITYNATIONAL MORTGAGE COMPANY $920,000 $445,000 -51.6% 0.3%
    JPMorgan Chase Bank $1,260,000 $440,000 -65.1% 0.3%
    JSC $425,000 n/a 0.3%
    RANDOLPH-BROOKS $700,000 $410,000 -41.4% 0.3%
    THRIVE MORTGAGE, LLC $175,000 $410,000 134.3% 0.3%
    BROKER SOLUTIONS, INC. $1,100,000 $395,000 -64.1% 0.3%
    ACADEMY MORTGAGE CORPORATION $385,000 n/a 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $530,000 $380,000 -28.3% 0.3%
    EVERETT FINANCIAL, INC. $355,000 n/a 0.3%
    First United Bank and Trust Company $355,000 n/a 0.3%
    HOME POINT FINANCIAL CORPORATION $1,170,000 $350,000 -70.1% 0.3%
    Colonial Savings, F.A. $175,000 $340,000 94.3% 0.3%
    GMFS LLC $325,000 n/a 0.2%
    SECURITY SERVICE $205,000 $325,000 58.5% 0.2%
    Waterstone Mortgage Corporation $325,000 n/a 0.2%
    FIRST CENTENNIAL MORTGAGE CORPORATION $315,000 n/a 0.2%
    GUARANTEED RATE AFFINITY, LLC $345,000 $315,000 -8.7% 0.2%
    Citizens State Bank $155,000 $305,000 96.8% 0.2%
    HomeTown Bank $305,000 n/a 0.2%
    Secured Investment Corp. $305,000 n/a 0.2%
    CORNERSTONE HOME LENDING, INC. $655,000 $295,000 -55.0% 0.2%
    Greenbox Loans, Inc. $295,000 n/a 0.2%
    PENNYMAC LOAN SERVICES, LLC $1,075,000 $285,000 -73.5% 0.2%
    R Bank $285,000 n/a 0.2%
    Bank of England $275,000 n/a 0.2%
    OPEN MORTGAGE, LLC $275,000 n/a 0.2%
    PREMIA MORTGAGE, LLC $275,000 n/a 0.2%
    Regions Bank $175,000 $265,000 51.4% 0.2%
    LONGBRIDGE FINANCIAL, LLC $260,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $155,000 $255,000 64.5% 0.2%
    S1L, Inc. $380,000 $255,000 -32.9% 0.2%
    UNIVERSITY Federal Credit Union $300,000 $255,000 -15.0% 0.2%
    Stifel Bank and Trust $245,000 n/a 0.2%
    Watermark Capital, Inc. $245,000 n/a 0.2%
    First Guaranty Mortgage Corporation $605,000 $240,000 -60.3% 0.2%
    Century Mortgage Company DBA Century Lending Company $235,000 n/a 0.2%
    First National Bank Texas $235,000 n/a 0.2%
    Hometown Equity Mortgage, LLC $235,000 n/a 0.2%
    SFMC, LP $235,000 n/a 0.2%
    The First National Bank of Bastrop $235,000 n/a 0.2%
    SOUTHWEST STAGE FUNDING, LLC $315,000 $230,000 -27.0% 0.2%
    UNITED MORTGAGE CORP. $225,000 n/a 0.2%
    GENEVA FINANCIAL, LLC $220,000 n/a 0.2%
    GREAT WESTERN FINANCIAL SERVICES, INC. $215,000 n/a 0.2%
    Carrington Mortgage Services, LLC $360,000 $205,000 -43.1% 0.2%
    PANORAMA MORTGAGE GROUP, LLC $210,000 $205,000 -2.4% 0.2%
    Mid-Continent Funding, Inc. $195,000 n/a 0.1%
    CIVIC FINANCIAL SERVICES, LLC $190,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $610,000 $190,000 -68.9% 0.1%
    Peoples Bank $185,000 n/a 0.1%
    AMPLIFY $125,000 $175,000 40.0% 0.1%
    CONTOUR MORTGAGE CORPORATION $175,000 n/a 0.1%
    TrustTexas Bank, SSB $175,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $165,000 n/a 0.1%
    AMERICA'S CHOICE HOME LOANS LP $165,000 n/a 0.1%
    INTERLINC MORTGAGE SERVICES, LLC $105,000 $165,000 57.1% 0.1%
    Plains Commerce Bank $165,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $165,000 n/a 0.1%
    HOMETRUST MORTGAGE COMPANY $155,000 n/a 0.1%
    SENTE MORTGAGE, INC. $720,000 $155,000 -78.5% 0.1%
    LADERA LENDING, INC. $145,000 n/a 0.1%
    NAVY ARMY COMMUNITY CREDIT UNION $145,000 n/a 0.1%
    Beeline Loans, Inc. $135,000 n/a 0.1%
    Citadel Servicing Corporation $135,000 n/a 0.1%
    HANCOCK MORTGAGE PARTNERS, LLC $135,000 n/a 0.1%
    Independent Bank $4,330,000 $135,000 -96.9% 0.1%
    NEWREZ LLC $110,000 $135,000 22.7% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $125,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $295,000 $125,000 -57.6% 0.1%
    ASPIRE FINANCIAL, INC. $195,000 $115,000 -41.0% 0.1%
    CALIBER HOME LOANS, INC. $555,000 $115,000 -79.3% 0.1%
    First Savings Bank $115,000 n/a 0.1%
    Northpointe Bank $115,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $335,000 $105,000 -68.7% 0.1%
    EMBRACE HOME LOANS, INC. $105,000 n/a 0.1%
    Trinity Oaks Mortgage, LLC $105,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $125,000 $95,000 -24.0% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $390,000 $95,000 -75.6% 0.1%
    International Bank of Commerce $240,000 $85,000 -64.6% 0.1%
    Jefferson Bank $85,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $225,000 $85,000 -62.2% 0.1%
    GUARANTEED RATE, INC. $700,000 $75,000 -89.3% 0.1%
    Lakeview Community Capital, LLC $165,000 $65,000 -60.6% 0.0%
    LOANPAL, LLC $345,000 $65,000 -81.2% 0.0%

    Bay City's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 15.0% market share. In second place, with 13.0%, is Gateway First Bank, having originated $17,270,000 in loans. In third place, with 8.9%, is Prosperity Bank, having originated $11,920,000 in loans. In fourth place, with 4.1%, is TEXAS DOW EMPLOYEES CREDIT UNION, having originated $5,470,000 in loans. In fifth place, with 3.7%, is SOUTHWEST FUNDING, LP, having originated $4,880,000 in loans.

    Bay City Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Bay City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $219,725 (2.2%) $243,752 (3.5%) 0.00 259
    2018-02-01 $219,975 (-2.1%) $248,016 (3.0%) 0.00 267
    2018-03-01 $227,000 (4.9%) $246,793 (3.0%) 0.00 273
    2018-04-01 $229,325 (14.7%) $244,802 (4.6%) 0.00 271
    2018-05-01 $229,713 (15.3%) $246,810 (7.8%) 0.00 283
    2018-06-01 $229,900 (15.5%) $250,639 (10.5%) 0.00 298
    2018-07-01 $231,250 (6.1%) $253,578 (8.1%) 0.00 318
    2018-08-01 $228,450 (6.3%) $252,338 (8.2%) 0.00 329
    2018-09-01 $231,066 (5.3%) $254,006 (8.5%) 0.00 318
    2018-10-01 $227,000 (3.3%) $248,151 (3.8%) 0.00 315
    2018-11-01 $220,000 (0.2%) $243,284 (0.4%) 0.00 317
    2018-12-01 $219,900 (-2.2%) $243,224 (-1.2%) 0.00 316
    2019-01-01 $219,950 (0.1%) $241,384 (-1.0%) 0.00 295
    2019-02-01 $218,123 (-0.8%) $236,214 (-4.8%) 0.00 305
    2019-03-01 $217,036 (-4.4%) $236,679 (-4.1%) 0.00 311
    2019-04-01 $215,375 (-6.1%) $236,753 (-3.3%) 0.00 325
    2019-05-01 $214,864 (-6.5%) $237,635 (-3.7%) 0.00 324
    2019-06-01 $213,900 (-7.0%) $239,004 (-4.6%) 0.00 317
    2019-07-01 $214,639 (-7.2%) $245,040 (-3.4%) 0.00 324
    2019-08-01 $219,545 (-3.9%) $245,564 (-2.7%) 0.00 307
    2019-09-01 $222,614 (-3.7%) $246,009 (-3.2%) 0.00 296
    2019-10-01 $224,975 (-0.9%) $246,359 (-0.7%) 0.00 283
    2019-11-01 $209,900 (-4.6%) $241,352 (-0.8%) 0.00 267
    2019-12-01 $205,625 (-6.5%) $236,656 (-2.7%) 0.00 258
    2020-01-01 $205,625 (-6.5%) $235,682 (-2.4%) 0.00 235
    2020-02-01 $209,000 (-4.2%) $237,959 (0.7%) 0.00 235
    2020-03-01 $214,950 (-1.0%) $269,856 (14.0%) 0.00 248
    2020-04-01 $205,000 (-4.8%) $264,483 (11.7%) 0.00 247
    2020-05-01 $210,000 (-2.3%) $266,279 (12.1%) 0.00 233
    2020-06-01 $214,175 (0.1%) $270,724 (13.3%) 0.00 221
    2020-07-01 $213,500 (-0.5%) $262,611 (7.2%) 0.00 203
    2020-08-01 $210,000 (-4.4%) $250,599 (2.1%) 0.00 180
    2020-09-01 $211,000 (-5.2%) $247,241 (0.5%) 0.00 168
    2020-10-01 $210,000 (-6.7%) $258,851 (5.1%) 0.00 177
    2020-11-01 $216,500 (3.1%) $266,502 (10.4%) 0.00 181
    2020-12-01 $215,000 (4.6%) $267,490 (13.0%) 0.00 170
    2021-01-01 $215,000 (4.6%) $265,359 (12.6%) 0.00 147
    2021-02-01 $209,600 (0.3%) $270,756 (13.8%) 0.00 138
    2021-03-01 $211,500 (-1.6%) $308,644 (14.4%) 0.00 127
    2021-04-01 $216,000 (5.4%) $310,846 (17.5%) 0.00 122
    2021-05-01 $225,000 (7.1%) $331,832 (24.6%) 0.00 116
    2021-06-01 $246,250 (15.0%) $342,335 (26.5%) 0.00 110
    2021-07-01 $264,681 (24.0%) $340,740 (29.8%) 0.00 111
    2021-08-01 $259,000 (23.3%) $330,918 (32.1%) 0.00 116
    2021-09-01 $246,006 (16.6%) $283,883 (14.8%) 0.00 108
    2021-10-01 $249,500 (18.8%) $291,756 (12.7%) 0.00 106
    2021-11-01 $235,000 (8.6%) $285,649 (7.2%) 0.00 128
    2021-12-01 $232,450 (8.1%) $288,473 (7.8%) 0.00 145
    2022-01-01 $229,500 (6.7%) $298,722 (12.6%) 0.00 136
    2022-02-01 $226,750 (8.2%) $304,067 (12.3%) 0.00 130
    2022-03-01 $211,000 (-0.2%) $317,389 (2.8%) 0.00 128
    2022-04-01 $254,999 (18.1%) $370,278 (19.1%) 0.00 142
    2022-05-01 $272,500 (21.1%) $375,951 (13.3%) 0.00 156
    2022-06-01 $260,850 (5.9%) $369,733 (8.0%) 0.00 163
    2022-07-01 $275,000 (3.9%) $354,303 (4.0%) 0.00 188
    2022-08-01 $279,870 (8.1%) $341,426 (3.2%) 0.00 203
    2022-09-01 $270,120 (9.8%) $315,627 (11.2%) 0.00 199
    2022-10-01 $250,000 (0.2%) $327,967 (12.4%) 0.00 168
    2022-11-01 $250,000 (6.4%) $325,539 (14.0%) 0.00 177
    2022-12-01 $249,990 (7.6%) $322,440 (11.8%) 0.00 193
    2023-01-01 $247,990 (8.1%) $320,995 (7.5%) 0.00 188
    2023-02-01 $247,490 (9.2%) $314,462 (3.4%) 0.00 198
    2023-03-01 $249,998 (18.5%) $320,477 (1.0%) 0.00 190
    2023-04-01 $255,000 (0.0%) $321,616 (-13.1%) 0.00 190
    2023-05-01 $275,000 (0.9%) $332,240 (-11.6%) 0.00 204
    2023-06-01 $277,213 (6.3%) $339,605 (-8.2%) 0.00 214
    2023-07-01 $289,000 (5.1%) $347,377 (-2.0%) 0.00 224
    2023-08-01 $283,475 (1.3%) $343,762 (0.7%) 0.00 226
    Bay City's median listing price for 2023-08-01 was $283,475, a difference of $3,605 (1.3%) versus the prior year and $-5,525 versus the prior month.

    Bay City's median listing price comes in at 0% of the national average.

    Bay City's average listing price for 2023-08-01 was $343,762, a difference of $2,336 (0.7%) versus the prior year and $-3,615 versus the prior month.

    For the 2023-08-01 period, Bay City had 226 MLS listings, a difference of 2 listings (1%) versus the prior month and 23 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bay City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,495 sqft
    2018-02-01 0 days 1,489 sqft
    2018-03-01 0 days 1,490 sqft
    2018-04-01 0 days 1,493 sqft
    2018-05-01 0 days 1,510 sqft
    2018-06-01 0 days 1,536 sqft
    2018-07-01 0 days 1,581 sqft
    2018-08-01 0 days 1,617 sqft
    2018-09-01 0 days 1,622 sqft
    2018-10-01 0 days 1,600 sqft
    2018-11-01 0 days 1,607 sqft
    2018-12-01 0 days 1,624 sqft
    2019-01-01 0 days 1,597 sqft
    2019-02-01 0 days 1,560 sqft
    2019-03-01 0 days 1,540 sqft
    2019-04-01 0 days 1,516 sqft
    2019-05-01 0 days 1,512 sqft
    2019-06-01 0 days 1,520 sqft
    2019-07-01 0 days 1,526 sqft
    2019-08-01 0 days 1,551 sqft
    2019-09-01 0 days 1,573 sqft
    2019-10-01 0 days 1,592 sqft
    2019-11-01 0 days 1,620 sqft
    2019-12-01 0 days 1,591 sqft
    2020-01-01 0 days 1,589 sqft
    2020-02-01 0 days 1,577 sqft
    2020-03-01 0 days 1,575 sqft
    2020-04-01 0 days 1,572 sqft
    2020-05-01 0 days 1,568 sqft
    2020-06-01 0 days 1,571 sqft
    2020-07-01 0 days 1,559 sqft
    2020-08-01 0 days 1,619 sqft
    2020-09-01 0 days 1,585 sqft
    2020-10-01 0 days 1,600 sqft
    2020-11-01 0 days 1,621 sqft
    2020-12-01 0 days 1,605 sqft
    2021-01-01 0 days 1,599 sqft
    2021-02-01 0 days 1,548 sqft
    2021-03-01 0 days 1,554 sqft
    2021-04-01 0 days 1,543 sqft
    2021-05-01 0 days 1,549 sqft
    2021-06-01 0 days 1,554 sqft
    2021-07-01 0 days 1,537 sqft
    2021-08-01 0 days 1,605 sqft
    2021-09-01 0 days 1,569 sqft
    2021-10-01 0 days 1,525 sqft
    2021-11-01 0 days 1,467 sqft
    2021-12-01 0 days 1,449 sqft
    2022-01-01 0 days 1,492 sqft
    2022-02-01 0 days 1,519 sqft
    2022-03-01 0 days 1,457 sqft
    2022-04-01 0 days 1,508 sqft
    2022-05-01 0 days 1,557 sqft
    2022-06-01 0 days 1,549 sqft
    2022-07-01 0 days 1,579 sqft
    2022-08-01 0 days 1,607 sqft
    2022-09-01 0 days 1,621 sqft
    2022-10-01 0 days 1,656 sqft
    2022-11-01 0 days 1,627 sqft
    2022-12-01 0 days 1,620 sqft
    2023-01-01 0 days 1,620 sqft
    2023-02-01 0 days 1,612 sqft
    2023-03-01 0 days 1,609 sqft
    2023-04-01 0 days 1,607 sqft
    2023-05-01 0 days 1,581 sqft
    2023-06-01 0 days 1,587 sqft
    2023-07-01 0 days 1,624 sqft
    2023-08-01 0 days 1,590 sqft
    Bay City's median listing age (time on market) for 2023-08-01 was 0 days.

    Bay City's median square footage for active listings during the 2023-08-01 period was 1,590 sqft. One year prior, the average listing was 1,607 sqft.

    Bay City, TX Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 357 $85,465,000 $239,398
    Refi 69 $14,025,000 $203,261
    Cash Out Refi 57 $30,975,000 $543,421
    Other 16 $2,020,000 $126,250
    Home Improvement 6 $830,000 $138,333

    Bay City's most frequently cited loan purpose was Home Purchase, with 357 originations. The 2nd most popular reason was Refi, with 69 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 120 $27,310,000 $227,583
    4-5% 116 $27,490,000 $236,983
    6-7% 86 $17,490,000 $203,372
    3-4% 82 $21,740,000 $265,122
    2.5-3% 27 $25,315,000 $937,593
    7-8% 26 $4,930,000 $189,615
    <2.5% 20 $2,160,000 $108,000
    Over 8% 19 $2,425,000 $127,632

    During 2022, Bay City's most frequently originated rate bucket was 5-6%, with 120 originations.

    Loan Sizing (Bay City, TX MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 203 $31,595,000 $155,640
    $200k-400k 191 $51,375,000 $268,979
    $100,000 or less 68 $4,430,000 $65,147
    $400k-600k 34 $16,490,000 $485,000
    $Over $1MM 5 $26,785,000 $5,357,000
    $600k-1000k 4 $2,640,000 $660,000

    Bay City's loan sizing saw the bucket of loans from $100k-200k with 203 originations, totaling $31,595,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 236 $55,820,000 $236,525
    60-80% 147 $55,285,000 $376,088
    40-60% 57 $10,015,000 $175,702
    Over 100% 19 $4,705,000 $247,632
    20-40% 18 $2,030,000 $112,778
    Under 20% 15 $345,000 $23,000

    Bay City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 236 originations, totaling $55,820,000 in origination value.