Is Iron River Township, 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 River Township was a Buyer's Market.
Key Takeaway
Iron River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iron River Township, MI
How much do homes in Iron River Township, MI cost?
Median Sold Price
$94,950
$109/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Iron River Township have sold for 44.6% less than they did a month ago.
Summary: The median home sold price in Iron River Township was $94,950 in April 2024, down 44.6% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | - | $73.5K | N/A |
| 3 Bedrooms | - | $121.2K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $171.5K | - | N/A |
Summary: Iron River Township 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.
Median Sold Price Compared To Nearby Cities
| Iron River Township | $171.5K | $94.9K | -44.6% |
| Iron River | $171.5K | $94.9K | -44.6% |
Housing Supply in Iron River Township, MI
How many homes are available in Iron River Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Iron River Township real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Iron River Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iron River Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Iron River Township in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Iron River Township, MI
How long does it take to sell a home in Iron River Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 Days | 86 Days | -57.8% |
Summary: Homes in Iron River Township had an average of 86 days on market in Apr 2024, down by 57.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Iron River Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Iron River Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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. Copyright MiRealSource.