$8,063 Closing Credit*
$679,000
1,444 SqFt
4 Beds
•2 Full Baths
#50162587, NICOLE HEBERT, Listing Office: KELLER WILLIAMS CLASSIC REALTY NM
Is Iron 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, Iron County has remained a Seller's Market.
Key Takeaway
Iron County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iron County, MI
How much do homes in Iron County, MI cost?
Median Sold Price
$110,000
$102/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$2,500(-2.2%)
Key Takeaway
Homes in Iron County have sold for 2.2% less than they did a month ago.
Summary: The median home sold price in Iron County was $110,000 in November 2024, down 2.2% from last month, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $62.5K | -70.9% |
| 2 Bedrooms | $67K | $128.5K | +91.8% |
| 3 Bedrooms | $142.5K | $66.2K | -53.5% |
| 4 Bedrooms | $295.1K | $414K | +40.3% |
| 5+ Bedrooms | $311K | $180K | -42.1% |
Summary: Iron County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 70.9%, 2 bedroom homes increased by 91.8%, 3 bedroom homes decreased by 53.5%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes decreased by 42.1%.
Median Sold Price Compared To Nearby Counties
| Florence County | $89.9K | $302.7K | +236.7% |
| Dickinson County | $139.9K | $200K | +43.0% |
| Baraga County | $98.5K | $121K | +22.8% |
| Iron County | $112.5K | $110K | -2.2% |
Housing Supply in Iron County, MI
How many homes are available in Iron County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 76 | -7.3% |
Summary: The Iron County real estate market had 76 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Iron County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Iron County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Iron County in November 2024, down by 25.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Iron County, MI
How long does it take to sell a home in Iron County, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -8.5% |
Summary: Homes in Iron County had an average of 31 days on market in Nov 2024, down by 8.5% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Iron County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Iron County; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% 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.