New - 2 days on Rocket
$2,968 Closing Credit¹
#50165943, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
Iron River Township Housing Market Report January 2025•Iron County, Michigan
Housing Prices in Iron River Township, MI
How much do homes in Iron River Township, MI cost?
Housing Market Conditions
Is Iron River Township, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Iron River Township is a Buyer's Market
Difference Since December 2024
Last month, Iron River Township was a Neutral Market.
Insight
Iron River Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$207,500$144/SqFt
+$90,050
+76.7%
Based on all homes sold in January 2025
Insight
Homes in Iron River Township have sold for 76.7% more than they did a month ago.
Summary: The median home sold price in Iron River Township was $207,500 in January 2025, up 76.7% from last month, and the median price per square foot was $144.
Median Sold Price By City
| City | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Bates Township | $70K | $862.5K | +1132.1% |
| Trout Creek | $196K | $355K | +81.1% |
| Iron River Township | $117.4K | $207.5K | +76.7% |
| Iron River | $117.4K | $60K | -48.9% |
Median Sold Price By Bedrooms
| Beds | Dec 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $53K | N/A |
| 33 Bedrooms | $89.9K | $862.5K | +859.4% |
| 44 Bedrooms | $145K | $60K | -58.6% |
| 55+ Bedrooms | - | $355K | N/A |
Summary: Iron River Township 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 did not change. The home price for 3 bedroom homes increased by +859.4%. The home price for 4 bedroom homes decreased by -58.6%. The home price for 5 bedroom homes did not change.
Housing supply in Iron River Township, MI
How many homes are available in Iron River Township, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 39Last MonthJan 2025 | ||
| 372 months agoDec 2024 | +5.4 % Change MoMDec – Jan |
Summary: The Iron River Township real estate market had 39 homes for sale in Jan 2025, a 5.4 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthJan 2025 | ||
| 62 months agoDec 2024 | -33.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 2 | 0.0% |
| 22 Bedrooms | 6 | 7 | +16.7% |
| 33 Bedrooms | 13 | 15 | +15.4% |
| 44 Bedrooms | 12 | 11 | -8.3% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Iron River Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes increased by +15.4%. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Iron River Township, MI cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price3 Homes
Insight
If you're buying a home in Iron River Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Iron River Township in January 2025, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and and 0% were sold over asking.
Days on Market for Iron River Township, MI
How long does it take to sell a home in Iron River Township, MI?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Iron River Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 4 homes were sold in Iron River Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 29 DaysLast MonthJan 2025 | ||
| 40 Days1 month agoDec 2024 | -28.1 % Change MoMDec – Jan |
Summary: Homes in Iron River Township had an average listing age of 29 days in Jan 2025, down by 28.1% compared to the previous month.
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Newest Listings in Iron River Township, MI
What homes are available in Iron River Township, MI?
New - 3 days on Rocket
$1,176 Closing Credit¹
#50165846, NICOLE HEBERT, Listing Office: KELLER WILLIAMS CLASSIC REALTY NM
New - 6 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
$1,543 Closing Credit¹
#50165423, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
$3,503 Closing Credit¹
#50164823, JEFF DOHL, Listing Office: RE/MAX NORTH COUNTRY-IR
$1,543 Closing Credit¹
#50164783, JILL PONOZZO, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
$378 Closing Credit¹
#50302452, Vicky Beckman, Listing Office: Beckman Properties
$355 Closing Credit¹
#50163578, STEPHEN REMONDINI, Listing Office: STEPHENS REAL ESTATE-IRON RIVER
$8,063 Closing Credit¹
#50162587, NICOLE HEBERT, Listing Office: KELLER WILLIAMS CLASSIC REALTY NM
#50162411, NICOLE HEBERT, Listing Office: KELLER WILLIAMS CLASSIC REALTY NM
Nearby markets
Nearby markets aren't available for Iron River Township, MI
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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, 7:20:56 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, 7:20:51 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, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.