Big Bay, MI Foreclosures
How much do homes sell for in Big Bay, MI?
The average home price is currently $298,423.
In Big Bay, MI, how many homes are available?
There are currently 28 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 $799,117.
What is currently the cheapest priced home in Big Bay, MI?
The cheapest home for sale in Big Bay is priced at $83,787.
Living in Big Bay, MI
Big Bay, located in Marquette County, Michigan, is a quaint and picturesque community situated on the shores of Lake Superior. Known for its stunning natural beauty, this area offers a range of outdoor activities including hiking, fishing, and boating. Residents enjoy a peaceful lifestyle surrounded by forests and lakefront views, making it an ideal spot for those seeking tranquility in nature.
Current Market Conditions in Big Bay, MI
The real estate market in Big Bay is currently experiencing an uptick in interest, particularly from those seeking vacation homes and properties offering lake access. The combination of natural beauty and outdoor activities makes Big Bay an attractive option for buyers looking to invest in a community that feels like a retreat.
Current market trends indicate a steady demand for homes in Big Bay, with properties moving quickly, particularly those with waterfront views. Many buyers are drawn to the area for both year-round living and seasonal escapes, reflecting an increasing appreciation for the Upper Peninsula's charm.
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 $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 $298,423.00, with the most expensive house
in Big Bay, MI, topping out
at $799,117.00 and the cheapest home
in Big Bay, MI,
clocking in at $83,787.00. 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
