3 days on RocketTour
$8,776 Closing Credit¹
#50173144, DANIEL MENARD, Listing Office: COLDWELL BANKER SCHMIDT REALTORS
Ishpeming Housing Market Report April 2025•Marquette County, Michigan
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?
Seller'sMarket
Buyer'sMarket
Ishpeming is a Neutral Market
Difference Since March 2025
Last month, Ishpeming was a Seller's Market.
Insight
Ishpeming is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$115,000$166/SqFt
-$87,500
-43.2%
Based on all homes sold in April 2025
Insight
Homes in Ishpeming have sold for 43.2% less than they did a month ago.
Summary: The median home sold price in Ishpeming was $115,000 in April 2025, down 43.2% from last month, and the median price per square foot was $166.
Median Sold Price By Cities
| City | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| Negaunee | $333K | $247.5K | -25.7% |
| Ishpeming Township | $202.5K | $115K | -43.2% |
| Ishpeming | $202.5K | $115K | -43.2% |
Median Sold Price By Bedrooms
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | $110K | N/A |
| 22 Bedrooms | $155K | $203K | +31.0% |
| 33 Bedrooms | $177.4K | $115K | -35.2% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | $300K | - | N/A |
Summary: Ishpeming housing price by bedroom type for April 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +31.0%. The home price for 3 bedroom homes decreased by -35.2%. 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
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthApr 2025 | ||
| 252 months agoMar 2025 | -28.0 % Change MoMMar – Apr |
Summary: The Ishpeming real estate market had 18 homes for sale in Apr 2025, a 28.0 % decrease compared to Mar 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthApr 2025 | ||
| 82 months agoMar 2025 | -62.5 % Change MoMMar – Apr |
Homes For Sale By Bedroom Count
| Beds | Mar 2025 | Apr 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 7 | 6 | -14.3% |
| 33 Bedrooms | 8 | 6 | -25.0% |
| 44 Bedrooms | 1 | 0 | -100.0% |
| 55+ Bedrooms | 8 | 5 | -37.5% |
Summary: Ishpeming housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -14.3%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes decreased by -37.5%.
Asking Price vs. Sold Price
How much do homes in Ishpeming, MI cost?
Over Asking Price3 Homes
At Asking Price0 Home
Under Asking Price0 Home
Insight
If you're buying a home in Ishpeming, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ishpeming in April 2025, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% 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 Days2 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in Ishpeming are selling fast, if you're buying plan to act quickly.
Summary: During April 2025, 3 homes were sold in Ishpeming; 67% of homes were sold within 30 days, 33% 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 |
|---|---|---|
| 28 DaysLast MonthApr 2025 | ||
| 33 Days1 month agoMar 2025 | -14.7 % Change MoMMar – Apr |
Summary: Homes in Ishpeming had an average listing age of 28 days in Apr 2025, down by 14.7% compared to the previous month.
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Newest Listings in Ishpeming, MI
What homes are available in Ishpeming, MI?
3 days on RocketTour
$2,136 Closing Credit¹
#50173140, TRAVIS RYAN, Listing Office: FRESHDOOR REAL ESTATE
6 days on Rocket
#50172859, Jason Copeman, Listing Office: Copeman Realty
$5,451 Closing Credit¹
#50172655, STEVE PELTO, Listing Office: LOOK REALTY
$4,156 Closing Credit¹
#50172653, STEVE PELTO, Listing Office: LOOK REALTY
$2,636 Closing Credit¹
#50172508, JENNIFER LACY, Listing Office: EXP REALTY OF MARQUETTE
#50171463, ROBERT ANDERSON, Listing Office: KELLER WILLIAMS NORTHERN MICHIGAN
$4,097 Closing Credit¹
#50170118, STEPHANIE JONES, Listing Office: NEXTHOME SUPERIOR LIVING
$2,077 Closing Credit¹
#50169988, BENJAMIN ARGALL, Listing Office: NEXTHOME SUPERIOR LIVING
$1,068 Closing Credit¹
#50169041, KELLIE HILLIER-GENSCHAW, Listing Office: RE/MAX 1ST REALTY
$2,316 Closing Credit¹
#50167341, BRADLEY ARGALL, Listing Office: RE/MAX 1ST REALTY
#50164928, BRADLEY ARGALL, Listing Office: RE/MAX 1ST REALTY
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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 03/01/2025 - 05/01/2025
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: 5/5/2025, 12:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.