Caspian Housing Market Report February 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.
$113,550$105/SqFt
-$85,250
-42.9%

Based on all homes listed in February 2025

Insight

The list price of homes in Caspian has decreased by 42.9% since January.

Summary: The median home list price in Caspian was $113,550 in February 2025, down 42.9% from the previous month, and the median price per square foot was $105.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Stambaugh Township
+5.0%
Gaastra
0.0%
Iron River
-3.8%
Caspian
-42.9%

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.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2--
N/A
3$198.8K$113.5K
-42.9%
4--
N/A
5--
N/A

Summary: Caspian housing price by bedroom type for February 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 decreased by -42.9%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

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
2Last MonthFeb 2025
22 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The Caspian real estate market had 2 homes for sale in Feb 2025, the same as Jan 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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
322
0.0%
400
0.0%
500
0.0%

Summary: Caspian housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. 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
46 DaysLast MonthFeb 2025
64 Days1 month agoJan 2025
-27.3 %
Change MoMJan – Feb

Summary: Homes in Caspian had an average listing age of 46 days in Feb 2025, down by 27.3% 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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Nearby markets

Nearby markets aren't available for Caspian, MI

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MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, for the period 01/01/2025 - 03/01/2025

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: 3/3/2025, 7:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.