Bay City, MI
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1986 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +5.1%
nominal +5.1%
Five years
Five years real +30.4%
nominal +51.0%
Ten years
Ten years real +58.3%
nominal +106.9%
Twenty-five years
Twenty-five years real +8.0%
nominal +91.2%
Since 2000
Since 2000 real +15.2%
nominal +109.8%
2007 to 2012
crash, real −27.6%
2007Q1 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 290.0 | 290.0 | real year on year +0.1% |
| 2025 Q4 | 289.8 | 289.8 | real year on year +5.9% |
| 2024 Q4 | 273.6 | 273.6 | real year on year +6.7% |
| 2023 Q4 | 249.0 | 256.3 | real year on year +5.1% |
| 2022 Q4 | 227.6 | 244.0 | real year on year +0.6% |
| 2021 Q4 | 209.5 | 242.5 | real year on year +12.2% |
| 2020 Q4 | 178.4 | 216.2 | real year on year +8.4% |
| 2019 Q4 | 162.5 | 199.4 | real year on year +0.8% |
| 2018 Q4 | 158.3 | 197.8 | real year on year +3.5% |
| 2017 Q4 | 149.4 | 191.1 | real year on year +1.1% |
| 2016 Q4 | 144.6 | 189.0 | real year on year −4.2% |
| 2015 Q4 | 149.0 | 197.2 | real year on year +4.5% |
| 2014 Q4 | 142.4 | 188.8 | real year on year +1.6% |
| 2013 Q4 | 138.0 | 185.8 | real year on year −1.8% |
| 2012 Q4 | 138.5 | 189.3 | real year on year −3.7% |
| 2011 Q4 | 141.0 | 196.6 | real year on year −4.3% |
| 2010 Q4 | 142.9 | 205.5 | real year on year +2.2% |
| 2009 Q4 | 137.6 | 201.2 | real year on year −7.6% |
| 2008 Q4 | 149.5 | 217.8 | real year on year −13.5% |
| 2007 Q4 | 166.4 | 251.8 | real year on year −6.2% |
| 2006 Q4 | 172.4 | 268.3 | real year on year −3.7% |
| 2005 Q4 | 173.4 | 278.5 | real year on year −4.0% |
| 2004 Q4 | 174.7 | 290.2 | real year on year +2.6% |
| 2003 Q4 | 165.9 | 282.9 | real year on year +1.2% |
| 2002 Q4 | 160.3 | 279.5 | real year on year +2.7% |
| 2001 Q4 | 153.6 | 272.1 | real year on year +2.6% |
| 2000 Q4 | 145.6 | 265.1 | real year on year +2.8% |
| 1999 Q4 | 136.9 | 257.9 | real year on year +2.5% |
| 1998 Q4 | 130.8 | 251.6 | real year on year +3.6% |
| 1997 Q4 | 124.3 | 242.9 | real year on year +4.9% |
| 1996 Q4 | 115.8 | 231.6 | real year on year +3.8% |
| 1995 Q4 | 108.4 | 223.1 | real year on year +1.8% |
| 1994 Q4 | 103.5 | 219.1 | real year on year +11.2% |
| 1993 Q4 | 90.7 | 196.9 | real year on year +0.1% |
| 1992 Q4 | 88.0 | 196.7 | real year on year +4.4% |
| 1991 Q4 | 81.8 | 188.4 | real year on year +1.3% |
| 1990 Q4 | 77.4 | 185.9 | real year on year +3.6% |
| 1989 Q4 | 70.9 | 179.5 | real year on year +1.6% |
| 1988 Q4 | 66.6 | 176.7 | real year on year +0.9% |
| 1987 Q4 | 63.4 | 175.1 | real year on year +0.3% |
| 1986 Q4 | 61.0 | 174.6 | — |
2026 Q2290 · real 290real year on year +0.1%
2025 Q4290 · real 290real year on year +5.9%
2024 Q4274 · real 274real year on year +6.7%
2023 Q4249 · real 256real year on year +5.1%
2022 Q4228 · real 244real year on year +0.6%
2021 Q4209 · real 242real year on year +12.2%
2020 Q4178 · real 216real year on year +8.4%
2019 Q4163 · real 199real year on year +0.8%
2018 Q4158 · real 198real year on year +3.5%
2017 Q4149 · real 191real year on year +1.1%
2016 Q4145 · real 189real year on year −4.2%
2015 Q4149 · real 197real year on year +4.5%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 13020. Real terms by the World Bank's US consumer price index, annual.