Is Iron River, WI 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 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
$175,725
$106/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Iron River have sold for 21.9% less than they did a month ago.
Summary: The median home sold price in Iron River was $175,725 in April 2024, down 21.9% from last month, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $274.5K | $175.7K | -36.0% |
| 4 Bedrooms | $225K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Iron River 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 decreased by 36%, 4 bedroom homes did not change, 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Summary: The Iron River real estate market had 29 homes for sale in April 2024, a 45.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 3 | 8 | +166.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Iron River housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 166.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Iron River, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Iron River in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% 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
