$2,791 Closing Credit*
$235,000
872 SqFt
3 Beds
•1 Full Bath
#50163126, STEPHEN ANDREAE, Listing Office: RE/MAX 1ST REALTY
Is Ishpeming Township, 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, Ishpeming Township has remained a Seller's 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
$157,500
$134/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$2,500(-1.6%)
Key Takeaway
Homes in Ishpeming Township have sold for 1.6% less than they did a month ago.
Summary: The median home sold price in Ishpeming Township was $157,500 in November 2024, down 1.6% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | - | N/A |
| 2 Bedrooms | $142.5K | $154K | +8.1% |
| 3 Bedrooms | $173K | $166.2K | -3.9% |
| 4 Bedrooms | $199K | $171.6K | -13.7% |
| 5+ Bedrooms | - | $157.5K | N/A |
Summary: Ishpeming Township 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 increased by 8.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ishpeming Township | $160K | $157.5K | -1.6% |
| Ishpeming | $160K | $157.5K | -1.6% |
| Negaunee Township | $216K | $210K | -2.8% |
| Negaunee | $216K | $210K | -2.8% |
Housing Supply in Ishpeming Township, MI
How many homes are available in Ishpeming Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The Ishpeming Township real estate market had 47 homes for sale in November 2024, a 4.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 22 | 28 | +27.3% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ishpeming Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ishpeming Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Ishpeming Township in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +63.4% |
Summary: Homes in Ishpeming Township had an average of 37 days on market in Nov 2024, up by 63.4% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ishpeming Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Ishpeming Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.