$1,899 Closing Credit*
$159,900
1,227 SqFt
3 Beds
•1 Full Bath
#50161311, BENJAMIN ARGALL, Listing Office: NEXTHOME SUPERIOR LIVING
Is Ishpeming Township, 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, Ishpeming Township was a Neutral Market.
Key Takeaway
Ishpeming Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ishpeming Township, MI
How much do homes in Ishpeming Township, MI cost?
Median Sold Price
$175,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+17.4%)
Key Takeaway
Homes in Ishpeming Township have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Ishpeming Township was $175,000 in October 2024, up 17.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $167.5K | N/A |
| 2 Bedrooms | $57K | $147.1K | +158.1% |
| 3 Bedrooms | $224K | $194.9K | -13.0% |
| 4 Bedrooms | $140K | $134.9K | -3.6% |
| 5+ Bedrooms | $302.5K | $186K | -38.5% |
Summary: Ishpeming Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 158.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 38.5%.
Median Sold Price Compared To Nearby Cities
| Ishpeming | $132.5K | $175K | +32.1% |
| Ishpeming Township | $149K | $175K | +17.4% |
Housing Supply in Ishpeming Township, MI
How many homes are available in Ishpeming Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The Ishpeming Township real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Ishpeming Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ishpeming Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ishpeming Township in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Ishpeming Township, MI
How long does it take to sell a home in Ishpeming Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -20.6% |
Summary: Homes in Ishpeming Township had an average of 24 days on market in Oct 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
9 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 Ishpeming Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Ishpeming Township; 90% of homes were sold within 30 days, 0% 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.