$1,008 Closing Credit*
$84,900
1,392 SqFt
2 Beds
•1 Full Bath
#50163415, LAURIE CUMMINGS, Listing Office: FIRST WEBER, INC
Is Gogebic County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Gogebic County has remained a Seller's Market.
Key Takeaway
Gogebic County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gogebic County, MI
How much do homes in Gogebic County, MI cost?
Median Sold Price
$87,450
$71/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$33,600(-27.8%)
Key Takeaway
Homes in Gogebic County have sold for 27.8% less than they did a month ago.
Summary: The median home sold price in Gogebic County was $87,450 in November 2024, down 27.8% from last month, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $213.2K | $54K | -74.7% |
| 3 Bedrooms | $121K | $110K | -9.1% |
| 4 Bedrooms | $126K | $76.5K | -39.3% |
| 5+ Bedrooms | $425K | $155K | -63.5% |
Summary: Gogebic County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 74.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 39.3%, and 5+ bedroom homes decreased by 63.5%.
Median Sold Price Compared To Nearby Counties
| Ontonagon County | $125K | $245K | +96.0% |
| Iron County | $113.9K | $140K | +22.9% |
| Iron County | $112.5K | $110K | -2.2% |
| Vilas County | $545K | $525K | -3.7% |
| Gogebic County | $121K | $87.4K | -27.8% |
Housing Supply in Gogebic County, MI
How many homes are available in Gogebic County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 81 | -6.9% |
Summary: The Gogebic County real estate market had 81 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 42 | 36 | -14.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Gogebic County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gogebic County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Gogebic County in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Gogebic County, MI
How long does it take to sell a home in Gogebic County, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 52 Days | +14.1% |
Summary: Homes in Gogebic County had an average of 52 days on market in Nov 2024, up by 14.1% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gogebic County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Gogebic County; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved