$37,900
2.50 Acres
Land
George D Merz, 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 October 2023
At the same time last year, Irons was a Neutral Market.
Key Takeaway
Irons is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Irons, MI
How much do homes in Irons, MI cost?
Median Sold Price
$189,900
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,900(+26.6%)
Key Takeaway
Homes in Irons have sold for 26.6% more than they did a year ago.
Summary: The median home sold price in Irons was $189,900 in October 2024, up 26.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $114K | -8.8% |
| 2 Bedrooms | $107K | $166.5K | +55.6% |
| 3 Bedrooms | $222.5K | $220.5K | -0.9% |
| 4 Bedrooms | $295K | $589.9K | +100.0% |
| 5+ Bedrooms | $640K | $287.5K | -55.1% |
Summary: Irons housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 55.1%.
Median Sold Price Compared To Nearby Cities
| Irons | $150K | $189.9K | +26.6% |
| Norman Township | $135K | $152K | +12.6% |
Housing Supply in Irons, MI
How many homes are available in Irons, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Irons real estate market had 48 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Irons housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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 3 homes were sold or pending in Irons in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 41 Days | -41.2% |
Summary: Homes in Irons had an average of 41 days on market in Oct 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Irons are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Irons; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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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