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Caspian Housing Market Report June 2025•Iron County, Michigan

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Housing Prices in Caspian, MI

How much do homes in Caspian, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$85,900$62/SqFt
+$31,000
+56.5%

Based on all homes listed in June 2025

Insight

The list price of homes in Caspian has increased by 56.5% since May.

Summary: The median home list price in Caspian was $85,900 in June 2025, up 56.5% from the previous month, and the median price per square foot was $62.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2025Jun 2025Change MoM
1--
N/A
2-$108K
N/A
3$54.9K$70.4K
+28.2%
4--
N/A
5--
N/A

Summary: Caspian housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +28.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Caspian, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Caspian, MI

Housing supply in Caspian, MI

How many homes are available in Caspian, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
3Last MonthJun 2025
12 months agoMay 2025
+200.0 %
Change MoMMay – Jun

Summary: The Caspian real estate market had 3 homes for sale in Jun 2025, a 200.0 % increase compared to May 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
100
0.0%
201
+100.0%
312
+100.0%
400
0.0%
500
0.0%

Summary: Caspian housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for Caspian, MI

How long does it take to sell a home in Caspian, MI?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
33 DaysLast MonthJun 2025
41 Days1 month agoMay 2025
-18.7 %
Change MoMMay – Jun

Summary: Homes in Caspian had an average listing age of 33 days in Jun 2025, down by 18.7% compared to the previous month.

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Newest Listings in Caspian, MI

What homes are available in Caspian, MI?

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MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, and Water Wonderland MLS Inc. for the period 05/01/2025 - 07/01/2025

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/10/2025, 8:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/10/2025, 8:40:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.