Is Mountain Iron, MN 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, Mountain Iron has remained a Seller's Market.
Housing Prices in Mountain Iron, MN
How much do homes in Mountain Iron, MN cost?
Median Sold Price
$400,000
$350/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Mountain Iron was $400,000 in April 2024, up 226.5% from last month, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | - | N/A |
3 Bedrooms | - | $400K | N/A |
4 Bedrooms | $85K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Mountain Iron 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
Mountain Iron | $122.5K | $400K | +226.5% |
Virginia | $73.5K | $183.6K | +149.9% |
Housing Supply in Mountain Iron, MN
How many homes are available in Mountain Iron, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Summary: The Mountain Iron real estate market had 6 homes for sale in April 2024, a 33.3% decrease 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 | 4 | 2 | -50.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mountain Iron 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mountain Iron in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mountain Iron, MN
How long does it take to sell a home in Mountain Iron, MN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 Days | 146 Days | +4.3% |
Summary: Homes in Mountain Iron had an average of 146 days on market in Apr 2024, up by 4.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Mountain Iron; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.