New - 5 days on Rocket
$1,186 Closing Credit¹
#50168064, BRADLEY ARGALL, Listing Office: RE/MAX 1ST REALTY
Ishpeming Housing Market Report February 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 Seller's Market
Difference Since January 2025
Last month, Ishpeming has remained a Seller's Market.
Insight
Ishpeming is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$159,500$151/SqFt
-$45,500
-22.2%
Based on all homes sold in February 2025
Insight
Homes in Ishpeming have sold for 22.2% less than they did a month ago.
Summary: The median home sold price in Ishpeming was $159,500 in February 2025, down 22.2% from last month, and the median price per square foot was $151.
Median Sold Price By Cities
| City | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| Negaunee | $216.9K | $290K | +33.7% |
| Ishpeming Township | $205K | $159.5K | -22.2% |
| Ishpeming | $205K | $159.5K | -22.2% |
Median Sold Price By Bedrooms
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $74.2K | $159.5K | +114.8% |
| 33 Bedrooms | $218.9K | $153.7K | -29.8% |
| 44 Bedrooms | - | - | N/A |
| 55+ Bedrooms | - | - | N/A |
Summary: Ishpeming 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 increased by +114.8%. The home price for 3 bedroom homes decreased by -29.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.
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 |
|---|---|---|
| 23Last MonthFeb 2025 | ||
| 292 months agoJan 2025 | -20.7 % Change MoMJan – Feb |
Summary: The Ishpeming real estate market had 23 homes for sale in Feb 2025, a 20.7 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthFeb 2025 | ||
| 112 months agoJan 2025 | -54.5 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 6 | 4 | -33.3% |
| 33 Bedrooms | 18 | 11 | -38.9% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 4 | 7 | +75.0% |
Summary: Ishpeming 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 decreased by -33.3%. The inventory for 3 bedroom homes decreased by -38.9%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +75.0%.
Asking Price vs. Sold Price
How much do homes in Ishpeming, MI cost?
Over Asking Price2 Homes
At Asking Price1 Home
Under Asking Price2 Homes
Insight
If you're buying a home in Ishpeming, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ishpeming in February 2025, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and and 40% 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 Days2 Homes
Insight
Many homes in Ishpeming are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 5 homes were sold in Ishpeming; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 88 DaysLast MonthFeb 2025 | ||
| 12 Days1 month agoJan 2025 | +599.6 % Change MoMJan – Feb |
Summary: Homes in Ishpeming had an average listing age of 88 days in Feb 2025, up by 599.6% compared to the previous month.
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Newest Listings in Ishpeming, MI
What homes are available in Ishpeming, MI?
#50167491, BENJAMIN ARGALL, Listing Office: NEXTHOME SUPERIOR LIVING
$2,446 Closing Credit¹
#50167341, BRADLEY ARGALL, Listing Office: RE/MAX 1ST REALTY
$2,613 Closing Credit¹
#50166878, CRYSTAL BARR BERGLUND, Listing Office: KELLER WILLIAMS NORTHERN MICHIGAN
3D tour
$2,671 Closing Credit¹
#50165947, DYLAN WILLEY, Listing Office: COLDWELL BANKER SCHMIDT REALTORS
Video tour
$9,013 Closing Credit¹
#50165546, DANIEL MENARD, Listing Office: COLDWELL BANKER SCHMIDT REALTORS
#50164928, BRADLEY ARGALL, Listing Office: RE/MAX 1ST REALTY
3D tour
$2,018 Closing Credit¹
#50164685, DYLAN WILLEY, Listing Office: COLDWELL BANKER SCHMIDT REALTORS
$2,374 Closing Credit¹
#50164659, ERIC KEOUGH, Listing Office: CENTURY 21 PRIME REALTY
$2,374 Closing Credit¹
#50162676, ERIC KEOUGH, Listing Office: CENTURY 21 PRIME REALTY
$1,395 Closing Credit¹
#50162340, TERRY HUFFMAN, Listing Office: RE/MAX 1ST REALTY
Video tour
$1,722 Closing Credit¹
#50158614, ROB SULLIVAN, Listing Office: NORTHERN MICHIGAN LAND BROKERS
Nearby markets
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 01/01/2025 - 03/01/2025
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: 3/12/2025, 3:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.