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Featured local agent — Big Bay, MI

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Big Bay, MI

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Big Bay, MI(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Big Bay, MI Housing Market & Real Estate

Seller's market

Housing market overview · Updated monthly · Data refreshed May 2026

$373,500median sale price

How is the Big Bay, MI housing market right now?

The median home sale price in Big Bay, MI is $373,500. Homes sell in an average of 18 days with 4 active listings. The market is currently a seller'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 Big Bay a buyer's or seller's market?

Seller's market4.0 months of supply18 avg. days on market

Big Bay, MI is currently a seller's market, based on 4.0 months of supply and homes selling in about 18 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

Fast-moving

Active listings

4.0 months supply

Sale-to-list

143.7%

Above asking

What does the Big Bay housing market data show?

Current housing market statistics for Big Bay, MI
Metric	Value
Median sale price	$373,500
Median list price	$570,000
Average days on market	18 days
Active inventory	4 listings
Months of supply	4.0 months
Sale-to-list price ratio	143.7%
Median price per sq ft	$445/sq ft
Homes sold (latest month)	1
New listings (latest month)	1
Market condition	Seller's market

Source: Redfin · Updated monthly

How much do homes cost in Big Bay by property type?

How the Big Bay, MI market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Big Bay, MI
Property type	Median price	Price / sq ft	Homes sold	Days on market
Single-family	$373,500	$445/sq ft	1	18 days

Source: Redfin · Updated monthly

The Big Bay housing market is currently classified as a seller's market with a median sale price of $373,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 18 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

House13,068 sqft lot

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Active listings

Homes on market

Median list price

$570K

Avg. days on market

Days until sale

New this week

Newly listed

Sale-to-list:143.7%

Who lives in Big Bay?

Population

307

Median income

$48,672/yr

Median age

53.2 years

Owner-occupied

82.4%

College grads

37.9%

Avg commute

24.3 min

Source: U.S. Census Bureau ACS

What is it like to live in Big Bay?

Big Bay is a community of approximately 0K residents with a median age of 53.2 years.The median household income is $48,672, which represents a working-class community with solid middle-income opportunities. 37.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 82.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Big Bay offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Big Bay?

1 schools tracked · 51 students

The largest public schools serving Big Bay, 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.

Powell Twp Elementary School

Grades PK-8 · 51 students

Public

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 Big Bay, MI?

Want a head-to-head view? Compare Big Bay side-by-side with any other U.S. city using our market-comparison tool.

Trowbridge Park

West Ishpeming

Marquette

Ishpeming

Michigamme

Palmer

Harvey

Republic

Frequently asked questions

What is the average home price in Big Bay?

The median home sale price in Big Bay is $373,500, down 0.0% from last year.

How long do homes stay on market in Big Bay?

Homes typically spend 18 days on market before going under contract.

What is the median income in Big Bay?

The median household income is $48,672 per year.

Is Big Bay a buyer's or seller's market?

With 4.0 months of supply, Big Bay is currently a seller's market.

How many homes are for sale in Big Bay?

There are currently 4 homes listed for sale in Big Bay, MI.

How much does a single-family home cost in Big Bay?

The median single-family home price in Big Bay, MI is $373,500 (about $445 per square foot).

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