$534 Closing Credit*
$45,000
550 SqFt
2 Beds
•1 Full Bath
Sally Belman, Listing Office: Big River Properties
Is Irons, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Irons has remained a Seller's Market.
Key Takeaway
Irons is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Irons, MI
How much do homes in Irons, MI cost?
Median Sold Price
$199,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,000(+31.8%)
Key Takeaway
Homes in Irons have sold for 31.8% more than they did a year ago.
Summary: The median home sold price in Irons was $199,000 in November 2024, up 31.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $114K | +11.2% |
| 2 Bedrooms | $118K | $205.9K | +74.5% |
| 3 Bedrooms | $222.5K | $203K | -8.8% |
| 4 Bedrooms | $295K | $589.9K | +100.0% |
| 5+ Bedrooms | $640K | $287.5K | -55.1% |
Summary: Irons housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 74.5%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 55.1%.
Median Sold Price Compared To Nearby Cities
| Irons | $151K | $199K | +31.8% |
| Elk Township | $210K | $229.9K | +9.5% |
| Sauble Township | $225K | $195K | -13.3% |
| Norman Township | $175K | $136.4K | -22.0% |
Housing Supply in Irons, MI
How many homes are available in Irons, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The Irons real estate market had 44 homes for sale in November 2024, a 2.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Irons housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Irons, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Irons in November 2024, up by 200.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Irons, MI
How long does it take to sell a home in Irons, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 54 Days | -29.4% |
Summary: Homes in Irons had an average of 54 days on market in Nov 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Irons are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Irons; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
