$950 Closing Credit*
$79,995
1,260 SqFt
3 Beds
•1 Full Bath
#50163341, JOSEPH METZGER, Listing Office: SILVER PROPERTIES-EXP REALTY
Is Ironwood, 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, Ironwood has remained a Seller's Market.
Key Takeaway
Ironwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ironwood, MI
How much do homes in Ironwood, MI cost?
Median Sold Price
$74,950
$66/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$50,500(-40.3%)
Key Takeaway
Homes in Ironwood have sold for 40.3% less than they did a month ago.
Summary: The median home sold price in Ironwood was $74,950 in November 2024, down 40.3% from last month, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $213.2K | $23K | -89.2% |
| 3 Bedrooms | $137.4K | $94.9K | -30.9% |
| 4 Bedrooms | $172.3K | - | N/A |
| 5+ Bedrooms | - | $70K | N/A |
Summary: Ironwood 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 89.2%, 3 bedroom homes decreased by 30.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hurley | $125K | $110K | -12.0% |
| Ironwood | $125.4K | $74.9K | -40.3% |
Housing Supply in Ironwood, MI
How many homes are available in Ironwood, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The Ironwood real estate market had 41 homes for sale in November 2024, a 4.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Ironwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ironwood, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ironwood in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Ironwood, MI
How long does it take to sell a home in Ironwood, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +4.9% |
Summary: Homes in Ironwood had an average of 33 days on market in Nov 2024, up by 4.9% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ironwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Ironwood; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.