$200,000
16.57 Acres
Land
#6117184, Terry Schemenauer, Listing Office: By the Bay Realty
Is Iron River, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Iron River was a Seller's Market.
Key Takeaway
Iron River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Iron River, WI
How much do homes in Iron River, WI cost?
Median Sold Price
$328,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$21,000(-6.0%)
Key Takeaway
Homes in Iron River have sold for 6% less than they did a year ago.
Summary: The median home sold price in Iron River was $328,000 in November 2024, down 6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $185K | +2.8% |
| 2 Bedrooms | $330K | $290K | -12.1% |
| 3 Bedrooms | $388K | $381.5K | -1.7% |
| 4 Bedrooms | $350K | $225K | -35.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Iron River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes did not change.
Housing Supply in Iron River, WI
How many homes are available in Iron River, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Iron River real estate market had 23 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Iron River housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iron River, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Iron River in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Iron River, WI
We’re sorry, we don't have information for this market at the moment
