Housing in Bear Lake, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$265,000
Median List Price
$119,500
Price Per Sq Ft
$186
Days on Market
13
Active Inventory
1
Months of Supply
1.0
Seller's market
Zillow Home Value
$297,379
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
94.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$186
Median List $/SF
$93
Bear Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Bear Lake is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$143,100
Median Rent
N/A
Total Housing Units
603
Vacancy Rate
75.8%
Owner Occupied
93.8%
Renter Occupied
6.2%
Median Property Tax
$1,702
per year
Monthly Cost (w/ Mortgage)
$750
Housing Types
The current median sale price in Bear Lake, MI is $265,000 according to Redfin data. Homes spend a median of 13 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $186. About 93.8% of housing units are owner-occupied. The median year homes were built is 1980. There are 603 total housing units.