Loon Bay, Newfoundland and Labrador, Canada
As of August 12, 2026, the median asking price in Loon Bay is $109,900, across 3 active MLS® listings.
Those listings have been on the market an average of 219 days.
Loon Bay is a very small, rural coastal community on the Great Northern Peninsula of Newfoundland & Labrador, characterized by single-detached homes on larger lots, scenic ocean/harbour views, and a quiet, tight-knit year-round population that skews older with many long-time local families. The housing stock is primarily modest older homes with some renovations and occasional newer builds; demand is driven more by local lifestyle, seasonal use, and limited in-migration than by large employment nodes. Real estate turnover tends to be low, with pricing influenced by property condition, waterfront proximity, and the availability of services in nearby communities.
Day-to-day amenities are limited within Loon Bay itself, so residents typically rely on nearby towns for groceries, healthcare, and broader retail/services (a car is effectively required). School options are generally accessed via schools in surrounding communities with busing where available, rather than within the neighbourhood. Public transit is not a meaningful factor, and the area is better suited to buyers seeking lifestyle, retirement, or recreational property. From an investment perspective, the market is usually more value-oriented with lower purchase prices but also thinner rental demand; rentals that do perform are commonly furnished/seasonal, work-related, or tied to nearby regional employment and tourism activity, leading to modest yields and price growth that can be steady but less liquid than larger NL markets.
In the Loon Bay neighbourhood of Loon Bay, Newfoundland and Labrador, current live market data is limited, which makes it harder to draw firm conclusions on pricing trends or negotiating conditions right now. For buyers and investors, this low visibility suggests relying more heavily on recent comparable sales, local demand indicators, and on-the-ground listing activity to gauge value and timing as new data becomes available.
The median asking price in Loon Bay is $109,900, across 3 active MLS® listings as of August 12, 2026. The average asking price is $152,633. These are list prices on homes currently for sale, not sale prices.
There are 3 active MLS® listings in Loon Bay as of August 12, 2026.
Homes currently listed in Loon Bay have been on the market an average of 219 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.