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Ishpeming Housing Market Report June 2025•Marquette County, Michigan

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Housing Prices in Ishpeming, MI

How much do homes in Ishpeming, MI cost?

Housing Market Conditions

Is Ishpeming, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Ishpeming is a Seller's Market

Difference Since May 2025

Last month, Ishpeming was a Neutral Market.

Insight

Ishpeming is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$247,500$177/SqFt
+$72,500
+41.4%

Based on all homes sold in June 2025

Insight

Homes in Ishpeming have sold for 41.4% more than they did a month ago.

Summary: The median home sold price in Ishpeming was $247,500 in June 2025, up 41.4% from last month, and the median price per square foot was $177.

Median Sold Price By Cities

Median Sold 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
Negaunee
+54.5%
Ishpeming Township
+41.4%
Ishpeming
+41.4%

Median Sold Price By Bedrooms

Median Sold 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$150K$139K
-7.3%
3$180K$245K
+36.1%
4-$358.6K
N/A
5--
N/A

Summary: Ishpeming 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 decreased by -7.3%. The home price for 3 bedroom homes increased by +36.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Ishpeming, MI compare with other places?

Market comparison tool

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

Ishpeming, MI

Housing supply in Ishpeming, MI

How many homes are available in Ishpeming, 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
38Last MonthJun 2025
292 months agoMay 2025
+31.0 %
Change MoMMay – Jun

Summary: The Ishpeming real estate market had 38 homes for sale in Jun 2025, a 31.0 % increase compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthJun 2025
52 months agoMay 2025
+60.0 %
Change MoMMay – Jun

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%
258
+60.0%
31316
+23.1%
458
+60.0%
566
0.0%

Summary: Ishpeming 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 +60.0%. The inventory for 3 bedroom homes increased by +23.1%. The inventory for 4 bedroom homes increased by +60.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Ishpeming, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Ishpeming, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Ishpeming in June 2025, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and and 63% were sold over asking.

Days on Market for Ishpeming, MI

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

Breakdown of Home Sale Times

Under 30 Days7 Homes

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in Ishpeming are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 8 homes were sold in Ishpeming; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
24 DaysLast MonthJun 2025
15 Days1 month agoMay 2025
+65.8 %
Change MoMMay – Jun

Summary: Homes in Ishpeming had an average listing age of 24 days in Jun 2025, up by 65.8% compared to the previous month.

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Newest Listings in Ishpeming, MI

What homes are available in Ishpeming, MI?

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Nearby markets aren't available for Ishpeming, MI

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MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, 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: 7/19/2025, 3:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.