$529,900
24 listings across Thunder Bay
$529,900
$674,900
$240,000
$724,900
$279,900
$639,900
$709,900
$375,000
$529,900
$499,000
$1,190,000
$384,900
$649,900
$599,900
$599,900
$599,900
$599,900
$649,900
$385,000
$549,900
Evaluating Thunder Bay means looking directly at the numbers. There are currently 24 active listings on the MLS®, which gives us a decent cross-section of housing types to look at. The overall market activity here points to a measured, steady pace of transactions.
Understanding the local pricing matrix is important before we make an offer. Active inventory shows entry-level homes starting at $240K. The top-tier real estate is listed for $1.2M. The average home sits on the market at roughly $589K, which gives us a very reliable benchmark to work from.
| Bedrooms | Avg. Price | Listings |
|---|---|---|
| 1 Bed | 638233 | 6 |
| 2 Beds | 547044 | 16 |
| 4 Beds | 782500 | 2 |
When we look at what's actually available, Thunder Bay is heavily driven by its condo market. Condos here aren't just an alternative to houses—they're really the go-to for a lot of my clients. Many condo properties offer shared building features and maintenance services, depending on the development. It's a very 'lock-and-leave' lifestyle, perfect if you don't want to deal with property maintenance like shoveling snow or mowing lawns.
Exploring sub-areas within Thunder Bay can help buyers match their preferred pace of life and housing style.
| Area | Avg. Price | Listings | Avg. DOM |
|---|---|---|---|
| College Heights | 623025 | 8 | 96 days |
| Parkdale | 616567 | 6 | 64 days |
| Lakefront | 780950 | 4 | 18 days |
| Academy Heights | 478267 | 3 | 27 days |
| Court / Cumberland | 332450 | 2 | 9 days |
| Edgewater Park | 240000 | 1 | N/A |
At the end of the day, committing to a property in Thunder Bay is a practical decision. The historical demand and current market activity continue to make it an area of interest for buyers. By keeping an eye on the MLS® data and understanding the pricing trends, we can make sure you make an informed choice that fits your budget.
Everything you need to know about real estate in Ontario.