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Featured local agent — Bear Lake, MI
Sarah Mitchell
Compass Real Estate · Bear Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bear Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$131,000median sale price
How is the Bear Lake, MI housing market right now?
The median home sale price in Bear Lake, MI is $131,000, down 6.4% year-over-year. Homes sell in an average of 64 days with 14 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bear Lake a buyer's or seller's market?
Bear Lake, MI is currently a buyer's market, based on 7.0 months of supply and homes selling in about 64 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
64
Average pace
Active listings
14
7.0 months supply
Sale-to-list
97.1%
Below asking
What does the Bear Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $131,000 |
| Median list price | $419,999 |
| Year-over-year price change | -6.4% |
| Average days on market | 64 days |
| Active inventory | 14 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 97.1% |
| Median price per sq ft | $143/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 10 |
| Listings with a price cut | 14.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Bear Lake by property type?
How the Bear Lake, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $131,000 | $143/sq ft | 2 | 64 days |
Source: Redfin · Updated monthly
The Bear Lake housing market is currently classified as a buyer's market with a median sale price of $131,000. Prices have fallen 6.4% compared to last year, with homes spending an average of 64 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.0x provides context for how home values compare to local earning capacity.
Homes for sale in Bear Lake
There are currently 14 homes listed for sale in Bear Lake, Michigan. The median listing price is $420K.
Active listings
14
Homes on market
Median list price
$420K
Avg. days on market
64
Days until sale
New this week
10
Newly listed
Who lives in Bear Lake?
Population
265
Median income
$54,886/yr
Median age
43.5 years
Owner-occupied
94.1%
College grads
19.6%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Bear Lake?
Zillow home value
$328,494
Price-to-income
6.0x
Source: Zillow Research
What is it like to live in Bear Lake?
Bear Lake is a community of approximately 0K residents with a median age of 43.5 years.The median household income is $54,886, which represents a working-class community with solid middle-income opportunities. 19.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 94.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bear Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Bear Lake?
2 schools tracked · 284 students
The largest public schools serving Bear Lake, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Bear Lake Elementary School
Grades PK-6 · 166 students
Bear Lake High School
Grades 7-12 · 118 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Bear Lake, MI?
Want a head-to-head view? Compare Bear Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Bear Lake?
The median home sale price in Bear Lake is $131,000, down 6.4% from last year.
How long do homes stay on market in Bear Lake?
Homes typically spend 64 days on market before going under contract.
What is the median income in Bear Lake?
The median household income is $54,886 per year.
Is Bear Lake a buyer's or seller's market?
With 7.0 months of supply, Bear Lake is currently a buyer's market.
What is the Zillow home value estimate for Bear Lake?
The Zillow Home Value Index (ZHVI) for Bear Lake is $328,494, representing the typical home value in the area.
How much does a single-family home cost in Bear Lake?
The median single-family home price in Bear Lake, MI is $131,000 (about $143 per square foot).
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