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MLS® listings · updated October 23, 2026 Seller's market · 72/100

Thunder Bay Homes for Sale & Real Estate

Thunder Bay has 176 homes and properties for sale on the MLS® right now. The median asking price for a home is $399,900. 25 new listings came on the market in the last 7 days. Detached houses are the largest share, at 74% of home listings.

Currently a seller's market in Thunder Bay. Browse 175 MLS® listings, neighbourhood market stats, and recent sold history across Thunder Bay, Ontario.

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107 Hinton Avenue, Thunder Bay: home for sale
107 Hinton Avenue · $369,900Listed by Neighbourly Realty Thunder Bay Inc.

Thunder Bay at a glance

MLS® data

Homes for sale
176
For rent
32
Sold · 90 days
522
Average sold price · 90 days
$440,757

Market typeSeller's market · 72/100

26 days on market (average) · 1.0 months of inventory

Full market report

Fresh on the market

New listings today in Thunder Bay

3 of the 8 newest MLS® listings below went live today. Newest first.

  1. 219 Secord Street, Thunder Bay, ON P7B 3E6, Thunder BayListed today · 3 bd · 1 ba · Detached$369,900
  2. 42 Gordon Avenue, Thunder Bay, ON P7A 7C8, Thunder BayListed today · 3 bd · 1 ba · Detached$299,900
  3. 316 Rita Street, Thunder Bay, ON P7A 1H3, Thunder BayListed today · 2 bd · 1 ba · Detached$299,900
  4. 107 Hinton Avenue, Thunder Bay, ON P7A 7E3, Thunder BayListed yesterday · 3 bd · 1 ba · Detached$369,900
  5. 214 Cedar Avenue, Thunder Bay, ON P7B 4V3, Thunder BayListed yesterday · 4 bd · 2 ba · Detached$599,000
  6. 490 Lanark Crescent, Thunder Bay, ON P7A 7P9, Thunder BayListed yesterday · 3 bd · 1 ba · Semi-Detached $289,900
  7. 524 Wiltshire Crescent, Thunder Bay, ON P7C 4N1, Thunder BayListed yesterday · 2 bd · 3 ba · Detached$549,900
  8. 426 E Christina Street E, Thunder Bay, ON P7E 4P2, Thunder BayListed yesterday · 2 bd · 2 ba · Detached$349,900

See them with photosEvery new listing in Thunder Bay this week

Zara, Summitly's AI virtual agent (AI-generated image)
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.

How many homes are for sale in Thunder Bay?

176 homes are listed for sale in Thunder Bay on the MLS® right now. 25 of them were listed in the last 7 days.

Ask Zara a follow-up
How much does a home cost in Thunder Bay?

As of October 2026, homes for sale in Thunder Bay have an average asking price of $478,158 and a median of $399,900 across 157 MLS® listings. A detached house has a median asking price of $389,950, against $309,900 for a condo. Over the last 12 months, the median sold price was $400,000 across 1,205 sales.

Ask Zara a follow-up
Is Thunder Bay a buyer's or a seller's market?

Right now it reads as a seller's market: homes are taking about 26 days to sell and there are about 1.0 months of supply. That can change month to month, so ask before you make an offer.

Ask Zara a follow-up
Are prices coming down in Thunder Bay?

4 homes have had the asking price cut in the last two weeks. See them in the price drops row above.

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AI-friendly answerUpdated daily from MLS®

Thunder Bay, Ontario has 175 homes listed for sale, 522 sold in the last 90 days and a 90-day median sold price of $407,000, 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.

Search Ontario homes on the map

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

Newest Thunder Bay MLS® listings

25 homes were listed for sale in Thunder Bay in the last 7 days. The newest first.

All new listings in Thunder Bay

More Thunder Bay listings

Showing 1–24 of 176

Price drops

Recently reduced in Thunder Bay

Homes whose asking price came down in the last two weeks, most recent cut first.

All price-reduced homes in Thunder Bay
Home prices

Thunder Bay home prices

Asking prices of the Thunder Bay homes for sale on the MLS® today, by property type, with the median sold price over the last 12 months. Updated October 2026.

As of October 2026, homes for sale in Thunder Bay have an average asking price of $478,158 and a median of $399,900 across 157 MLS® listings. A detached house has a median asking price of $389,950, against $309,900 for a condo. Over the last 12 months, the median sold price was $400,000 across 1,205 sales.

Thunder Bay home prices by property type
TypeFor saleAverage askingMedian askingAsking $/sq ftMedian days listedMedian sold (12 mo)
All homes157$478,158$399,900$38725$400,000
Detached116$460,524$389,950$40018$402,000
Semi-detached5$267,520$282,900$34331$287,500
Townhouse4$564,900$599,900$40998$420,000
Condo15$439,513$309,900$31750$378,360
Multi-family17$674,123$579,900$32768$510,000

Asking figures are from active MLS® listings; $/sq ft uses listings that report a floor area. Sold figures are medians of at least 5 sales — individual sold prices are shown to signed-in members only.

12-month sold price trend in Thunder Bay

MonthAverage sold priceSales
November 2025$411,36097
December 2025$381,40781
January 2026$403,57871
February 2026$427,75843
March 2026$426,48247
April 2026$367,61765
May 2026$429,06889
June 2026$442,34598
July 2026$441,674138
August 2026$453,220132
September 2026$448,722161
October 2026$423,116176
Sold

Recently sold in Thunder Bay

How Thunder Bay homes have been selling, from MLS® sales. Prices are aggregates of at least 5 sales; sign in to see individual sold prices and dates.

See recently sold homes in Thunder Bay
  • Sold in the last 90 days
    522
  • Median sold price (90 days)
    $407,000
  • Average days on market
    26 days
  • Homes sold (12 months)
    1,205
Market intelligence

Home 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 leaning toward a seller's market

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

72
warm
Cool buyer's mktBalancedHot seller's mkt
  • Days on market
    26
    Lower = hotter
  • Months of inventory
    1.0
    Under 4 = hot
  • Closed (30d)
    523
    MLS® last 30 days
12-month trend

Average sold price in Thunder Bay

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

$440,757
+2.9% YoY
$423,116
Nov 25Oct 26
Zara's take · Thunder Bay
Thunder Bay is currently a leaning toward sellers.

The latest monthly average sold price is within ±4% of 12 months earlier. Monthly averages move with the mix of homes that sold, so treat this as a direction rather than a precise change. Inventory is tight at ~1.0 months of supply.

Practical takeaway

Buyers: lead with strong financing and limit conditions on the right home. Sellers: price competitively but expect interest.

Generated from MLS® data — not investment advice.See the full report
Loading Thunder Bay market deep-dive…
Browse by price

Thunder Bay homes for sale by price range

Active MLS® listings per price band.

  • Under $500K
    105
  • $500K – $750K
    38
  • $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
    110
  • 2+ Bedrooms
    104
  • 3+ Bedrooms
    68
  • 4+ Bedrooms
    23
  • 5+ Bedrooms
    7
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 175 homes listed for sale on the MLS® right now. The largest groups are detached houses (80), multi-family homes (16), condos (13) and semi-detached houses (4). Another 32 homes are listed for rent.

Over the last 90 days, 523 homes sold in Thunder Bay at a median price of $407,000, after an average of 26 days on the market. Over the last six months, average sold prices were: detached houses $446,921, 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 1.0 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.

Thinking about a career in real estate? Real estate careers in Thunder Bay

Own a home in Thunder Bay? What's my Thunder Bay home worth? · Recently sold in Thunder Bay · Estimate your selling costs

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Buying guide

Buying a home in Thunder Bay

What buying at Thunder Bay's typical asking price costs on top of the price itself, from Ontario's current rules.

  • Land transfer tax in Thunder Bay

    On Thunder Bay's median asking price of $399,900, Ontario land transfer tax is $4,474. Thunder Bay has no municipal land transfer tax; the same home in Toronto would add $4,474 of MLTT.

  • First-time buyer refunds

    First-time buyers get up to $4,000 of the provincial tax refunded — $4,000 at this price, leaving $474 to pay.

  • Minimum down payment

    At $399,900, the minimum down payment is $19,995 (5.0% of the price).

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.

  • What is the average house price in Thunder Bay?

    The average asking price of a home for sale in Thunder Bay is $478,158 as of October 2026, across 157 MLS® listings (median $399,900). Homes that sold in the last 90 days averaged $440,757 over 523 sales. Detached houses average $460,524.

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

    175 homes are listed for sale on the MLS® in Thunder Bay, including 80 detached houses, 16 multi-family homes and 13 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 $407,000 and an average of $440,757, across 523 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 $446,921, 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 26 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 1.0 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
  • Zara, AI virtual agent
Contact a licensed agentChat with Zara (AI) instead

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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