Big Bay, MI Foreclosures
How much do homes sell for in Big Bay, MI?
The average home price is currently $289,042.
In Big Bay, MI, how many homes are available?
There are currently 31 active home listings available in Big Bay.
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 $790,485.
What is currently the cheapest priced home in Big Bay, MI?
The cheapest home for sale in Big Bay is priced at $78,586.
Living in Big Bay, MI
Big Bay, MI is a serene community nestled on the shores of Lake Superior, offering breathtaking landscapes and a rich selection of outdoor activities. Residents can enjoy fishing, hiking, and winter sports in the region's beautiful surroundings. Although it is a small town, Big Bay boasts a vibrant community spirit with local events and amenities that cater to its residents.
Current Market Conditions in Big Bay, MI
The real estate market in Big Bay remains stable, driven by interest in vacation properties and residential homes amidst its natural beauty. Home prices in the area see moderate fluctuations, but there has been a discernible interest from buyers looking to find their retreat from urban life.
The demand for properties near Lake Superior has amplified, with many seeking both seasonal and permanent residences. While average days on the market are increasing slightly due to seasonal patterns, the overall property values have maintained a steady appreciation, particularly in desirable waterfront and wooded areas.
Home Value Estimator For Big Bay, MI
There are currently 15 real estate properties
in Big Bay, MI,
with a median automated valuation model (AVM) price
of $208,000.00. 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 $289,042.00, with the most expensive house
in Big Bay, MI, topping out
at $790,485.00 and the cheapest home
in Big Bay, MI,
clocking in at $78,586.00. 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
