New - 18 hours on Rocket
$2,132 Closing Credit¹
#50166103, JORDYN LEONARDUZZI, Listing Office: RE/MAX NORTH COUNTRY
Iron County Housing Market Report January 2025•Iron County, Michigan
Housing Prices in Iron County, MI
How much do homes in Iron County, MI cost?
Housing Market Conditions
Is Iron County, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Iron County is a Buyer's Market
Difference Since December 2024
Last month, Iron County has remained a Buyer's Market.
Insight
Iron County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$129,500$99/SqFt
+$44,250
+51.9%
Based on all homes sold in January 2025
Insight
Homes in Iron County have sold for 51.9% more than they did a month ago.
Summary: The median home sold price in Iron County was $129,500 in January 2025, up 51.9% from last month, and the median price per square foot was $99.
Median Sold Price By City
| City | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Florence County | $78.9K | $362.7K | +359.8% |
| Iron County | $85.2K | $129.5K | +51.9% |
| Dickinson County | $183.1K | $115K | -37.2% |
| Baraga County | $71K | $35.5K | -50.0% |
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $129.5K | N/A |
| 22 Bedrooms | $75K | $61.5K | -18.0% |
| 33 Bedrooms | $82.5K | $862.5K | +945.5% |
| 44 Bedrooms | $145K | $104.9K | -27.6% |
| 55+ Bedrooms | - | $310K | N/A |
Summary: Iron County housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -18.0%. The home price for 3 bedroom homes increased by +945.5%. The home price for 4 bedroom homes decreased by -27.6%. The home price for 5 bedroom homes did not change.
Housing supply in Iron County, MI
How many homes are available in Iron County, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 68Last MonthJan 2025 | ||
| 612 months agoDec 2024 | +11.5 % Change MoMDec – Jan |
Summary: The Iron County real estate market had 68 homes for sale in Jan 2025, a 11.5 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthJan 2025 | ||
| 82 months agoDec 2024 | -12.5 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 7 | +16.7% |
| 22 Bedrooms | 13 | 15 | +15.4% |
| 33 Bedrooms | 25 | 30 | +20.0% |
| 44 Bedrooms | 13 | 12 | -7.7% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Iron County housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes increased by +15.4%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes decreased by -7.7%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Iron County, MI cost?
Over Asking Price1 Home
At Asking Price3 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Iron County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Iron County in January 2025, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and and 14% were sold over asking.
Days on Market for Iron County, MI
How long does it take to sell a home in Iron County, MI?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Insight
Many homes in Iron County are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 7 homes were sold in Iron County; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 33 DaysLast MonthJan 2025 | ||
| 61 Days1 month agoDec 2024 | -46.2 % Change MoMDec – Jan |
Summary: Homes in Iron County had an average listing age of 33 days in Jan 2025, down by 46.2% compared to the previous month.
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Newest Listings in Iron County, MI
What homes are available in Iron County, MI?
New - 1 day on Rocket
$5,694 Closing Credit¹
#50166009, JORDYN LEONARDUZZI, Listing Office: RE/MAX NORTH COUNTRY
New - 2 days on Rocket
$2,968 Closing Credit¹
#50165943, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
New - 3 days on Rocket
$1,176 Closing Credit¹
#50165846, NICOLE HEBERT, Listing Office: KELLER WILLIAMS CLASSIC REALTY NM
New - 7 days on Rocket
$5,818 Closing Credit¹
#50165642, LORI RYMKOS, Listing Office: PREMIER REAL ESTATE, INC.
$2,671 Closing Credit¹
#50165512, RACHEL MARTIN, Listing Office: REDMAN REALTY GROUP, LLC
$5,047 Closing Credit¹
#50165501, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
$4,501 Closing Credit¹
#50165447, JORDYN LEONARDUZZI, Listing Office: RE/MAX NORTH COUNTRY
$1,543 Closing Credit¹
#50165423, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
$1,484 Closing Credit¹
#50165252, JORDYN LEONARDUZZI, Listing Office: RE/MAX NORTH COUNTRY
$2,494 Closing Credit¹
#50164885, JORDYN LEONARDUZZI, Listing Office: RE/MAX NORTH COUNTRY
$3,503 Closing Credit¹
#50164823, JEFF DOHL, Listing Office: RE/MAX NORTH COUNTRY-IR
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MLS Disclaimers and Copyright
Based on information from MiRealSource Inc. DL, and Wisconsin Real Estate Exchange for the period 12/01/2024 - 02/01/2025
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: 2/7/2025, 9:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 WIREX - All Rights Reserved.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 9:22:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 9:22:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.