$1,603 Closing Credit*
$135,000
1,280 SqFt
2 Beds
•1 Full Bath, 1 Partial
#50159335, SAMANTHA OLSON, Listing Office: ZAK'S 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
$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.