Big Bay, MI Foreclosures
How much do homes sell for in Big Bay, MI?
The average home price is currently $300,305.
What’s the average rental cost in Big Bay, MI?
The average rental price in Big Bay is $1,222.
What is the most expensive home in Big Bay?
The most expensive home sold in Big Bay had a price of $776,756.
What is currently the cheapest priced home in Big Bay, MI?
The cheapest home for sale in Big Bay is priced at $87,471.
Living in Big Bay, MI
Big Bay, MI is a serene small town on the shores of Lake Superior, renowned for its natural beauty and outdoor recreational opportunities. With a close-knit community, residents enjoy a peaceful lifestyle complemented by local shops and restaurants. The surrounding landscapes provide a perfect backdrop for outdoor activities year-round, making it a hidden gem in the Upper Peninsula.
Current Market Conditions in Big Bay, MI
Big Bay's real estate market is relatively stable, with prices reflecting its unique location and the appeal of lakeside living. Homes in the area tend to hold their value well, with a mix of seasonal cottages and year-round residences attracting buyers focused on a lifestyle rather than just property.
There has been a noticeable increase in interest from buyers looking for vacation homes in Big Bay due to the pandemic, which has driven demand for properties. The market is seeing moderate activity, with some homes selling quickly as families look for escapes from urban areas.
Home Value Estimator For Big Bay, MI
There are currently 14 real estate properties
in Big Bay, MI,
with a median automated valuation model (AVM) price
of $216,018.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Big Bay, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Big Bay, MI,
is $300,305.00, with the most expensive house
in Big Bay, MI, topping out
at $776,756.00 and the cheapest home
in Big Bay, MI,
clocking in at $87,471.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Big Bay, MI!
Rent Prices
In Big Bay, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Big Bay, MI, is on
a rollercoaster ride. The
average rent price in Big Bay, MI,
is $1,222.00. Indeed, when looking to rent in
Big Bay, MI, you can expect to pay as little
as $980.00 or as much
as $1,520.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Big Bay, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
