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Featured local agent — North Bay, WI
Sarah Mitchell
Compass Real Estate · North Bay, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Bay, WI Housing Market
The last median sale price Redfin published was $520,000 (through May 2026). With homes going under contract in about 19 days, North Bay is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $520,000 home is about $2,776/mo in principal and interest.
Key numbers for North Bay, WI
Median sale price
$520,000
Last published period
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$121,250
Home costs 4.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
106.1%
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 North Bay a buyer's or seller's market?
North Bay, WI is a seller's market and homes selling in about 19 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the North Bay housing market data show?
Every row below is Redfin's final published month for North Bay, WI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median price per sq ft | $180/sq ft |
| Median days on market | 19 days |
| Sale-to-list price ratio | 106.1% |
| Homes sold (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 North Bay is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in North 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 North Bay home prices moved?
Across the 16 months we hold for North Bay, WI, the median sale price rose 10.6%, from $470,000 in June 2021 to $520,000.
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 North Bay?
Priced off the median sale price of $520,000 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% | $104,000 | $416,000 | $2,776/mo |
| 5% | $26,000 | $494,000 | $3,297/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 $2,776, that implies roughly $118,973 a year before you add taxes and insurance. The median household in North Bay earns $121,250, about $2,277 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.3x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in North Bay in the next 12 months?
Tell us your timeline. We send the North 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 North Bay?
Zillow does not publish a rent index (ZORI) for North Bay, WI, 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 North Bay?
Active listings in North Bay, WI went from 1 in September 2021 to 1 in April 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| September 2021 | 1 | not published |
| October 2021 | 1 | 1 |
| November 2022 | 2 | not published |
| December 2022 | 1 | not published |
| May 2023 | 1 | 1 |
| August 2023 | 1 | not published |
| September 2024 | 1 | not published |
| February 2025 | 3 | 2 |
| April 2025 | 1 | not published |
Redfin, through April 2025
How does North Bay compare to Wisconsin and the U.S.?
North Bay homes sell for $520,000 — 44% above the Wisconsin median of $361,600. Against the national median of $410,700, North Bay runs 27% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| North Bay, WI | $520,000 | not published | 19 days |
| Wisconsin statewide | $361,600 | +6.5% | 44 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 North Bay
What buyers should watch
- The gap between 5% and 20% down here is $521 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 $520,000 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 North Bay listing goes under contract in 19 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 106.1% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside North Bay varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in North Bay
Explore homes currently listed for sale in North Bay, Wisconsin across major real estate platforms.
How much do homes cost in North Bay by property type?
How the North Bay, WI 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 | $520,000 | $180/sq ft | 1 | 19 days |
Who lives in North Bay?
American Community Survey estimates for North Bay. U.S. Census ACS, 2023
Population
238
Households
119
Median income
$121,250/yr
Median age
62.6 years
Owner-occupied
99.2%
Median home value
$470,600
Mean commute
23.8 min
99.2% of occupied homes in North 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 cities are near North Bay, WI?
Ordered by distance from North Bay, not by size. Compare North Bay side by side with any of them.
North Bay housing market FAQ
Is North Bay a buyer's or seller's market?
North Bay, WI is currently a seller's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in North Bay?
The median sale price in the last month Redfin published was $520,000, about $180 per square foot.
Is North Bay cheaper than the rest of Wisconsin?
North Bay's median sale price of $520,000 is 44% higher than the Wisconsin statewide median of $361,600, and 27% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in North Bay?
Homes in North Bay, WI spent a median of 19 days on market before going under contract, versus 44 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 North Bay?
At the current 30-year fixed rate of 7.03%, 20% down on a $520,000 home is about $2,776 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $118,973 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $121,250.
Are home prices rising in North Bay?
We do not hold a complete 12-month value series for North Bay, WI 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 North Bay?
North 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 North Bay?
That depends on your timeline, not on a headline. What the data says today: North Bay, WI is a seller's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $520,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.