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Featured local agent — Dollar Bay, MI
Sarah Mitchell
Compass Real Estate · Dollar Bay, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Dollar Bay, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$192,500median sale price
How is the Dollar Bay, MI housing market right now?
The median home sale price in Dollar Bay, MI is $192,500. Homes sell in an average of 43 days with 1 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 Dollar Bay a buyer's or seller's market?
Dollar Bay, MI is currently a seller's market, based on 1.0 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
43
Average pace
Active listings
1
1.0 months supply
Sale-to-list
98.7%
Below asking
What does the Dollar Bay housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $192,500 |
| Average days on market | 43 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Dollar Bay by property type?
How the Dollar Bay, 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 | $192,500 | $129/sq ft | 1 | 43 days |
Source: Redfin · Updated monthly
The Dollar Bay housing market is currently classified as a seller's market with a median sale price of $192,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 43 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Dollar Bay
There are currently 1 homes listed for sale in Dollar Bay, Michigan.
Active listings
1
Homes on market
Avg. days on market
43
Days until sale
Who lives in Dollar Bay?
Population
1,070
Median income
$63,500/yr
Median age
31.2 years
Owner-occupied
87.3%
College grads
22.1%
Avg commute
18.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Dollar Bay?
Zillow home value
$183,206
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Dollar Bay?
Dollar Bay is a community of approximately 1K residents with a median age of 31.2 years.The median household income is $63,500, which represents a working-class community with solid middle-income opportunities. 22.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 87.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Dollar Bay offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Dollar Bay?
1 schools tracked · 314 students
The largest public schools serving Dollar 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.
Dollar BayTamarack City Area K12 School
Grades PK-12 · 314 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 Dollar Bay, MI?
Want a head-to-head view? Compare Dollar Bay side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Dollar Bay?
The median home sale price in Dollar Bay is $192,500, down 0.0% from last year.
How long do homes stay on market in Dollar Bay?
Homes typically spend 43 days on market before going under contract.
What is the median income in Dollar Bay?
The median household income is $63,500 per year.
Is Dollar Bay a buyer's or seller's market?
With 1.0 months of supply, Dollar Bay is currently a seller's market.
What is the Zillow home value estimate for Dollar Bay?
The Zillow Home Value Index (ZHVI) for Dollar Bay is $183,206, representing the typical home value in the area.
How much does a single-family home cost in Dollar Bay?
The median single-family home price in Dollar Bay, MI is $192,500 (about $129 per square foot).
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