Is Iron Mountain, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Iron Mountain was a Buyer's Market.
Housing Prices in Iron Mountain, MI
How much do homes in Iron Mountain, MI cost?
Median Sold Price
$152,500
$125/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Iron Mountain was $152,500 in April 2024, down 12.9% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $140K | N/A |
3 Bedrooms | - | $160K | N/A |
4 Bedrooms | - | $172K | N/A |
5+ Bedrooms | $175K | - | N/A |
Summary: Iron Mountain housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Iron Mountain, MI
How many homes are available in Iron Mountain, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Summary: The Iron Mountain real estate market had 19 homes for sale in April 2024, a 72.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 2 | 9 | +350.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Iron Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 350%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Iron Mountain in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Iron Mountain, MI
How long does it take to sell a home in Iron Mountain, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 Days | 111 Days | -38.3% |
Summary: Homes in Iron Mountain had an average of 111 days on market in Apr 2024, down by 38.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Iron Mountain; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.