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MLS® listings · updated October 14, 2026 Balanced market · 52/100

4 1 Bedroom Apartments for Sale in Thunder Bay

Currently a balanced market in Thunder Bay. Browse 180 MLS® listings, neighbourhood market stats, and recent sold history across Thunder Bay, Ontario.

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186 Algoma Street, Thunder Bay: home for sale
186 Algoma Street · $239,900Listed by Royal LePage® Lannon Realty, Brokerage

Thunder Bay at a glance

MLS® data

Homes for sale
4
For rent
0
Sold · 90 days
13
Average sold price · 90 days
$416,923

Market typeBalanced market · 52/100

51 days on market (average) · 0.9 months of inventory

Full market report
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Zara · AI virtual agent

Meet Zara · Thunder Bay

Ask Zara about any listing, neighbourhood, school zone, or sold comparable in Thunder Bay. Available 24/7 via chat or phone — no signup, no waiting.

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AI-friendly answerUpdated daily from MLS®

Thunder Bay, Ontario has 180 homes listed for sale, 511 sold in the last 90 days and a 90-day median sold price of $408,750, from the MLS®. Through Mortgage Squad Advisors — Summitly's preferred mortgage partner — you can browse listings and talk to a licensed mortgage advisor in the same flow.

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Map preview of Thunder Bay real estate listings
New in Thunder Bay

Newest 1 bedroom apartments for sale in Thunder Bay

The newest MLS® listings, freshest first.

Search them all on the map

Browse all Thunder Bay listings

Market intelligence

1 bedroom apartment price trends & market temperature in Thunder Bay

Composite hotness score, the year-long sold-price line, and a plain-English read on the data from Zara, our real estate AI.

Full Thunder Bay market breakdown
Market temperature

Thunder Bay is a balanced market

Composite score derived from days-on-market and months-of-inventory signals.

52
balanced
Cool buyer's mktBalancedHot seller's mkt
  • Days on market
    51
    Lower = hotter
  • Months of inventory
    0.9
    Under 4 = hot
  • Closed (30d)
    13
    MLS® last 30 days
12-month trend

Average 1 bedroom apartment sold price in Thunder Bay

Last 12 months of MLS® closed transactions, average per month.

$416,923
Not enough closed-transaction data
Sep 26Sep 26
Zara's take · Thunder Bay
Thunder Bay is currently a balanced market.

There isn't enough monthly sales data yet for a 12-month price comparison. Inventory is tight at ~0.9 months of supply.

Practical takeaway

Buyers: you have time to make a measured decision and negotiate. Sellers: presentation and pricing strategy matter more than timing.

Generated from MLS® data — not investment advice.See the full report
Sold prices by bedroom

What 1-bedroom homes sell for in Thunder Bay

Average sold price of Thunder Bay homes over the last six months, by bedroom count. Bedroom counts with fewer than 5 sales are withheld.

BedroomsAverage sold price
1 bedroom$385,251
2 bedrooms$397,945
3 bedrooms$466,881
4 bedrooms$506,570
5+ bedrooms$608,723
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Browse by price

Thunder Bay homes for sale by price range

Active MLS® listings per price band.

  • Under $500K
    107
  • $500K – $750K
    40
  • $750K – $1M
    12
  • $1M – $1.5M
    10
  • $1.5M – $2M
    5
  • Over $2M
    6
Browse by type

Thunder Bay homes by property type

Detached, semi-detached, townhouse, condo, multi-family and commercial inventory — all in one view.

Browse by bedrooms

Thunder Bay listings by bedroom count

  • 1+ Bedroom
    113
  • 2+ Bedrooms
    105
  • 3+ Bedrooms
    71
  • 4+ Bedrooms
    24
  • 5+ Bedrooms
    8
Popular searches

Explore Thunder Bay real estate

Jump straight to the searches buyers and renters use most — each one updated daily from MLS® data.

Browse by intent

Popular Thunder Bay searches

The way buyers really search — new listings, price drops, with pool, finished basement, fixer-uppers, and more. One tap drops you on the map with that filter applied.

By postal code

Most-active postal codes in Thunder Bay

Forward Sortation Areas (the first 3 characters of a Canadian postal code) ranked by current MLS® inventory.

About the market

Living in Thunder Bay, Ontario

Thunder Bay has 180 homes listed for sale on the MLS® right now. The largest groups are detached houses (84), multi-family homes (16), condos (14) and townhouses (4). Another 32 homes are listed for rent.

Over the last 90 days, 512 homes sold in Thunder Bay at a median price of $408,750, after an average of 25 days on the market. Over the last six months, average sold prices were: detached houses $446,856, semi-detached houses $318,196, townhouses $493,318, condos $422,180 and multi-family homes $507,905.

At the current pace of sales, Thunder Bay's active listings would take about 1.1 months to sell — a tight supply that usually favours sellers. Summitly's market gauge reads: Thunder Bay is leaning toward a seller's market.

Looking for a licensed agent? Compare Thunder Bay real estate agents — free to use. How your agent is paid is set out in your buyer representation agreement.

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The 5-step plan

How to buy a home in Thunder Bay

The steps Summitly's licensed advisors walk buyers through.

  1. 1

    Get pre-approved

    Confirm your maximum purchase price and hold a rate before you start touring properties in Thunder Bay. Summitly's mortgage partner, Mortgage Squad Advisors, can compare lenders for you.

  2. 2

    Browse MLS® listings in Thunder Bay

    Use the price, property-type and bedroom tiles on this page to narrow inventory, or draw your own search area on the map.

  3. 3

    Tour homes with a licensed agent

    Summitly can connect you with a Thunder Bay agent at Coldwell Banker Summit Realty, or you can work with your existing REALTOR®.

  4. 4

    Make an informed offer

    Compare the asking price with recent sold prices for similar homes nearby — Zara, our real estate AI, can pull comparables for any address.

  5. 5

    Close

    Your lender, real estate lawyer and agent coordinate the closing so the keys are released on your closing date.

Frequently asked questions

Buying and selling in Thunder Bay: your questions, answered

Answered with this page's own MLS® numbers.

  • How many homes are for sale in Thunder Bay right now?

    180 homes are listed for sale on the MLS® in Thunder Bay, including 84 detached houses, 16 multi-family homes and 14 condos.

  • What do homes sell for in Thunder Bay?

    Homes that sold in Thunder Bay over the last 90 days went for a median of $408,750 and an average of $442,017, across 512 sales. Prices vary widely by property type, size and neighbourhood.

  • How much does each type of home cost in Thunder Bay?

    Average sold prices in Thunder Bay over the last six months: detached houses $446,856, semi-detached houses $318,196, townhouses $493,318, condos $422,180 and multi-family homes $507,905.

  • How long does it take to sell a home in Thunder Bay?

    Homes that sold in Thunder Bay over the last 90 days spent an average of 25 days on the market.

  • Is Thunder Bay a buyer's or a seller's market?

    Thunder Bay is leaning toward a seller's market. Thunder Bay has about 1.1 months of inventory (active listings divided by monthly sales); under four months usually favours sellers and over six favours buyers.

  • How many homes are for rent in Thunder Bay?

    32 homes are listed for rent on the MLS® in Thunder Bay right now.

  • Where do these Thunder Bay numbers come from?

    Listing counts are MLS® counts, updated daily. Sold prices and days on market come from MLS® sales closed in the last 90 days; a figure based on fewer than 5 sales is withheld.

Licensed Ontario real estate brokerage

Coldwell Banker Summit Realty, Brokerage

Coldwell Banker Summit Realty, Brokerage is registered with the Real Estate Council of Ontario (RECO). Its licensed agents can help you buy, sell or lease in Thunder Bay, from showings and offers to closing. When you are ready to finance, you can compare mortgage options with our partner, Mortgage Squad Advisors.

  • RECO-registered brokerage
  • Licensed agents
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Coldwell Banker Summit Realty, Brokerage. Waqar Afzal, Broker of Record. Each office is independently owned and operated.

Ready to make a move in Thunder Bay?

Estimate what you can afford, talk to a licensed mortgage advisor about pre-approval, or ask Zara for a personal affordability snapshot.

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