$2,244 Closing Credit*
$189,000
2,048 SqFt
4 Beds
•2 Full Baths
#50161649, HELENA LONGHINI, Listing Office: FIRST WEBER, INC
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
$125,450
$115/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$32,000(+34.2%)
Key Takeaway
Homes in Ironwood have sold for 34.2% more than they did a month ago.
Summary: The median home sold price in Ironwood was $125,450 in October 2024, up 34.2% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $55K | N/A |
| 2 Bedrooms | $80K | $213.2K | +166.6% |
| 3 Bedrooms | $139.9K | $137.4K | -1.8% |
| 4 Bedrooms | $200K | $172.3K | -13.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ironwood housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 166.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Erwin Township | $80K | $218.6K | +173.3% |
| Ironwood | $93.4K | $125.4K | +34.2% |
Housing Supply in Ironwood, MI
How many homes are available in Ironwood, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Ironwood real estate market had 44 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Ironwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 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 Ironwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ironwood in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 32 Days | -25.9% |
Summary: Homes in Ironwood had an average of 32 days on market in Oct 2024, down by 25.9% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 10 homes were sold in Ironwood; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.