As of July 21, 2026, the median asking price for houses in
Thunder Bay is $429,900.
Compared with the other cities and townships in Thunder Bay:
Higher-priced than Thunder Bay:
Oliver Paipoonge ($1,099,000, about 155.6% higher), First Nations ($727,400, about 69.2% higher), Shuniah ($649,900, about 51.2% higher), Neebing ($589,900, about 37.2% higher), and Thunder Bay Remote Area ($519,000, about 20.7% higher).
Lower-priced than Thunder Bay:
Dorion ($274,900, about 36.1% lower), Marathon ($270,000, about 37.2% lower), Red Rock ($254,900, about 40.7% lower), Greenstone ($227,400, about 47.1% lower), Terrace Bay ($164,450, about 61.7% lower), Manitouwadge ($158,000, about 63.2% lower), Schreiber ($147,450, about 65.7% lower), and Nipigon ($139,900, about 67.5% lower).