$189,900
104 Schneider Ave
Big Bay, MI
2 bd2 ba1,232 sqft$154/ft²
House6,534 sqft lot
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Big Bay, MI Housing Market
Seller's market
Redfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $373,500 (through May 2026). With 4.0 months of supply and homes going under contract in about 18 days, Big Bay is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $373,500 home is about $1,994/mo in principal and interest.
Key numbers for Big Bay, MI
Median sale price
$373,500
Last published period
Redfin, through May 2026
Days on market
18
Fast-moving
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$48,672
Home costs 7.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
143.7%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Big Bay a buyer's or seller's market?
Seller's market4.0 months of supply18 days on market143.7% of asking
Big Bay, MI is a seller's market, based on 4.0 months of supply and homes selling in about 18 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Big Bay housing market data show?
Every row below is Redfin's final published month for Big Bay, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $373,500 |
| Median list price | $570,000 |
| Median price per sq ft | $445/sq ft |
| Median days on market | 18 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 143.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Big Bay is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Big Bay is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Big Bay home prices moved?
Across the 31 months we hold for Big Bay, MI, the median sale price fell 15.1%, from $440,000 in June 2021 to $373,500. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 143.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Big Bay?
Priced off the median sale price of $373,500 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $74,700 | $298,800 | $1,994/mo |
| 5% | $18,675 | $354,825 | $2,368/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,994, that implies roughly $85,455 a year before you add taxes and insurance. The median household in Big Bay earns $48,672, about $36,783 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 7.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Big Bay in the next 12 months?
Tell us your timeline. We send the Big Bay market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Big Bay?
Zillow does not publish a rent index (ZORI) for Big Bay, MI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Big Bay?
Active listings in Big Bay, MI went from 12 in July 2023 to 4 in May 2026, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| August 2023 | 4 | 2 |
| September 2023 | 5 | 1 |
| October 2023 | 4 | 1 |
| February 2024 | 2 | 1 |
| June 2024 | 5 | not published |
| July 2024 | 3 | not published |
| October 2024 | 2 | not published |
| November 2024 | 1 | 1 |
| June 2025 | 2 | not published |
| September 2025 | 3 | not published |
| November 2025 | 4 | 1 |
| May 2026 | 4 | 1 |
Redfin, through May 2026
How does Big Bay compare to Michigan and the U.S.?
Big Bay homes sell for $373,500 — 25% above the Michigan median of $297,900. Against the national median of $410,700, Big Bay runs 9% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Big Bay, MI | $373,500 | not published | 18 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Big Bay
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $374 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $373,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Big Bay listing goes under contract in 18 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 143.7% of asking. Price at the number you want and let competition do the rest.
- In the last published month Big Bay added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Big Bay varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Big Bay
There are currently 4 homes listed for sale in Big Bay, Michigan. The median listing price is $570K. Featured listings range from $189,900 to $1,280,000.
$218,900
240 Acres County Road Aaa Rd
Big Bay, MI
0 ba
Land240.00 acres
View photos & details
$300,000
72 Acres Bonnie Lane Rd
Big Bay, MI
0 ba
Land72.00 acres
View photos & details
$719,900
Tbd359 Aaa Rd
Big Bay, MI
0 ba
Land359.00 acres
View photos & details
$1,280,000
4030 W Squaw Beach Rd
Big Bay, MI
7 bd2 ba3,692 sqft$347/ft²
House13,068 sqft lot
View photos & details
$1,280,000
4030 W Squaw Beach Rd
Big Bay, MI
7 bd3 ba2,341 sqft$547/ft²
House13,068 sqft lot
View photos & details
Looking to buy in Big Bay?
Get connected with a local real estate expert — free, no obligation.
Active listings
4
Homes on market
Median list price
$570K
Avg. days on market
18
Days until sale
New this week
1
Newly listed
Sale-to-list:143.7%
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. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $373,500 | $445/sq ft | 1 | 18 days |
Who lives in Big Bay?
American Community Survey estimates for Big Bay. U.S. Census ACS, 2023
Population
307
Households
131
Median income
$48,672/yr
Median age
53.2 years
Owner-occupied
82.4%
Median home value
$261,400
Mean commute
24.3 min
82.4% of occupied homes in Big Bay are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
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
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?
Ordered by distance from Big Bay, not by size. Compare Big Bay side by side with any of them.
Big Bay housing market FAQ
Is Big Bay a buyer's or seller's market?
Big Bay, MI is currently a seller's market. That read comes from 4.0 months of supply, homes going under contract in about 18 days, and sellers getting 143.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Big Bay?
The median sale price in the last month Redfin published was $373,500, about $445 per square foot.
Is Big Bay cheaper than the rest of Michigan?
Big Bay's median sale price of $373,500 is 25% higher than the Michigan statewide median of $297,900, and 9% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Big Bay?
Homes in Big Bay, MI spent a median of 18 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Big Bay?
At the current 30-year fixed rate of 7.03%, 20% down on a $373,500 home is about $1,994 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $85,455 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $48,672.
Are home prices rising in Big Bay?
We do not hold a complete 12-month value series for Big Bay, MI yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Big Bay?
Big Bay ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Big Bay?
That depends on your timeline, not on a headline. What the data says today: Big Bay, MI is a seller's market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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