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City in Ontario

Homes for sale in Thunder Bay

Name: HOMEH Market Pulse — Thunder Bay closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

Browse all Thunder Bay real estate listings in one place: 139 homes for sale in Thunder Bay, ON, from $57,900 to $1,699,900, with a median asking price of $399,900. Most are detached houses and vacant lots.

family-friendly community-oriented affordable

108,843 people lived in Thunder Bay at the 2021 Census, in 48,435 households. 68% of households owned their home and 32% rented. The most common homes were single-detached houses (66%) and low-rise apartments (16%). 73% of homes were built before 1981, and 4% since 2011. 88% of commuters went to work by car and 3% by public transit.

Population density: 243.2 per km²

Thunder Bay, Ontario

Thunder Bay MLS® Listings

Day to dayLivability

5.8

Schools near listings

out of 10 · averaged over 615 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$399,900

44% below Ontario

In Thunder Bay

$399,900

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

139

Median $399,900

Houses 123 · Condos 16

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable housing compared to provincial median
Good school rating of 5.8
Multiple parks for outdoor activities
Low population density for spacious living

Keep in mind

No rental properties currently available
Higher average price than median sale price

The feel of the placeLifestyle

Daily life in Thunder Bay is relaxed, with access to parks and schools. The city has a community feel, suitable for families.

Great for first-time buyers families those seeking affordable housing

Within the boundaryWhat's nearby

The boundary

436.0 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

109

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 436.0 km² of Thunder Bay. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.9/10

Average rating of the 35 rated schools in this area

Elementary

Secondary

St Paul Catholic Elementary School
Catholic · Grades JK–6 · Thunder Bay CDSB
9.6/107.5 over 5 yrs
35th of 3,045 Ontario elementary schools
140 students · EQAO 2024-2025
St Francis Catholic Elementary School
Catholic · Grades JK–6 · Thunder Bay CDSB
7.7/107.2 over 5 yrs
476th of 3,045 Ontario elementary schools
155 students · EQAO 2024-2025
Nor'wester View Public School
Public · Grades JK–8 · Lakehead DSB
7.4/106.7 over 5 yrs
626th of 3,045 Ontario elementary schools
300 students · EQAO 2024-2025
Holy Family Catholic Elementary School
Catholic · Grades JK–6 · Thunder Bay CDSB
7.3/106.3 over 5 yrs
687th of 3,045 Ontario elementary schools
355 students · EQAO 2024-2025
St Pius X Catholic Elementary School
Catholic · Grades JK–6 · Thunder Bay CDSB
7.3/105.8 over 5 yrs
687th of 3,045 Ontario elementary schools
205 students · EQAO 2024-2025
St Thomas Aquinas Catholic Elementary School
Catholic · Grades JK–6 · Thunder Bay CDSB
7.3/107.0 over 5 yrs
687th of 3,045 Ontario elementary schools
205 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Thunder Bay, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

108,843

Population (2021)

327.8 km²

Area

332

People per km²

44.4

Median age

$85,512

Median income

68%

Own their home

2.3

People per household

48,435

Households

Every age

Children (under 15)14.1%
Working age (15–64)63.9%
Seniors (65+)21.9%

What is built here

Detached houses65.6%
Semi-detached4.2%
Townhouses3%
Duplexes4.9%
Low-rise apartments16.2%
High-rise apartments5.3%

Own or rent

68%Owners

32%Renters

Across 48,435 households

When it was built

Mostly 1960 or earlier

1960 or earlier39%
1961–198034%
1981–199010%
1991–20008%
2001–20052%
2006–20102%
2011–20152%
2016–20212%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

8.6%
Born outside Canada: 22.6%
Hold a degree or higher: 51.8%
Employment rate: 3%
Commute by transit: 88.3%
Commute by car: 1.7
Children per family: $74,768
Median income after tax: $96,888
Average household income: 11.8%
Living on a low income: $1,041/mo
Renters pay, per month: $980/mo
Owners pay, per month: $298,868
Median home value at census: 20.8%
Renters spending 30%+ of income on housing: 6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 213 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Through September 2026 Deep sales history

What Homes in Thunder Bay Actually Sell For

1,124 homes changed hands in Thunder Bay over the 12 months to September 2026. Half sold above $393,753 and half below, 4.5% higher than the 12 months before. A typical home found its buyer in 15 days.

Median sold price: $394K; +4.5% year over year
Days to sell: 15; 1 day slower
Sales closed: 1,124; last 12 months
Per square foot: $359; from 116 sized sales

Three years of sold prices

The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one home here differs from the next.

$571K$445K$320K$194K

Jun ’24Apr ’25Dec ’25Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$1,051,700

on a $1,000,000 asking price — over ask by $51,700

−10%Asking price+10%

Of the asking price: 105.2%
Sold over asking: 64%

From 1,124 sales that closed here in the last 12 months.

What actually trades in Thunder Bay

A single median hides this: the mix of homes behind it, and what each kind costs.

1,124sales

Detached$402K84.2%
Condo apartment$365K5.0%
Link home$360K0.4%
Other kinds, too few of each —10.4%

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Thunder Bay, sales

Monthly closed sales in Thunder Bay
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	122	$382,500	$310K – $509K	18	102.8%
Aug 2026	120	$398,000	$299K – $541K	16	102.8%
Jul 2026	123	$420,000	$340K – $534K	15	105.2%
Jun 2026	131	$430,405	$335K – $545K	14	106.5%
May 2026	91	$400,000	$328K – $503K	14	105.3%
Apr 2026	93	$399,900	$325K – $505K	14	110.2%
Mar 2026	72	$402,500	$310K – $506K	14	109.3%
Feb 2026	47	$360,000	$228K – $455K	14	106.6%
Jan 2026	43	$407,000	$277K – $500K	14	104.7%
Dec 2025	80	$340,650	$242K – $455K	16	100.0%
Nov 2025	85	$375,000	$275K – $471K	14	103.1%
Oct 2025	117	$376,000	$280K – $485K	14	106.4%
Sep 2025	110	$359,500	$273K – $469K	13	110.3%
Aug 2025	137	$430,000	$310K – $525K	15	105.6%
Jul 2025	162	$405,000	$308K – $490K	14	106.7%
Jun 2025	132	$405,000	$324K – $492K	14	108.2%
May 2025	133	$385,000	$318K – $535K	14	107.9%
Apr 2025	90	$340,000	$266K – $441K	14	102.7%
Mar 2025	68	$375,250	$296K – $451K	13	105.1%
Feb 2025	54	$340,450	$263K – $428K	14	100.0%
Jan 2025	46	$356,000	$220K – $390K	22	105.6%
Dec 2024	53	$370,000	$310K – $432K	15	102.2%
Nov 2024	97	$330,000	$240K – $435K	14	100.0%
Oct 2024	110	$345,000	$245K – $437K	14	102.4%
Sep 2024	66	$332,000	$269K – $416K	13	106.8%
Aug 2024	5	$395,000	$340K – $465K	7	109.4%
Jun 2024	1	Not enough sales this month to report a median

1 of these months closed fewer than 5 sales. A middle value taken over that few is not a market figure — with one sale it is simply that home's closing price — so the count is shown and the median is not. The sales themselves still count toward the 12-month figures above.

What people ask about Thunder Bay

How much does a home cost in Thunder Bay?

Homes in Thunder Bay sold for a median of $393,753 over the 12 months to September 2026, across 1,124 closed sales — half sold for more and half for less. That is 4.5% higher than the 12 months before it.

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

A home in Thunder Bay took a median of 15 days on the market over the 12 months to September 2026. Homes there closed at 105.2% of the asking price on average, with 64.0% selling over asking.

What kind of homes sell in Thunder Bay?

Over the 12 months to September 2026 the mix in Thunder Bay was detached (84.2% of sales, median $402,470), condo apartment (5.0% of sales, median $364,643) and link home (0.4% of sales, median $360,000).

Compiled by HOMEH from sales reported closed in Thunder Bay on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Questions, answered

Common questions about homes for sale in Thunder Bay

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

139 homes are for sale in Thunder Bay on MLS® right now. The busiest neighbourhood is Westfort, with 17 homes for sale.

Homes for sale in Westfort

What is the average house price in Thunder Bay?

The median asking price of the 139 homes for sale in Thunder Bay is $399,900: half are listed above it and half below. By type, the median is $409,900 for detached houses, $229,900 for vacant lots and $357,400 for condo apartments.

Houses for sale in Thunder Bay

Where can I find cheap houses for sale in Thunder Bay?

126 homes in Thunder Bay are listed under $800K and 133 under $1M. The lowest asking price today is $57,900.

Homes under $800K in Thunder Bay

Are there new homes for sale in Thunder Bay?

Yes. 8 of the 139 homes for sale in Thunder Bay are new construction.

New construction homes in Thunder Bay

How do I get cash back when I buy a home in Thunder Bay?

Buy through HOMEH and you get a Cashback Rebate of 1.5% of the purchase price, paid at closing, subject to eligibility and your buyer agreement. On Thunder Bay’s median asking price of $399,900, that would be $5,999.

How the Cashback Rebate works

Keep looking

More Houses to Buy in Thunder Bay

139 homes are for sale in Thunder Bay. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.