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Toivola Housing Market Report July 2025•Houghton County, Michigan

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Housing Prices in Toivola, MI

How much do homes in Toivola, MI cost?

Housing Market Conditions

Is Toivola, 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

Toivola is a Seller's Market

Difference Since June 2025

Last month, Toivola was a Neutral Market.

Insight

Toivola 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.
$350,000$321/SqFt
-$150,000
-30.0%

Based on all homes sold in July 2025

Insight

Homes in Toivola have sold for 30% less than they did a month ago.

Summary: The median home sold price in Toivola was $350,000 in July 2025, down 30% from last month, and the median price per square foot was $321.

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
Atlantic Mine
+11.9%
Elm River Township
-30.0%
Toivola
-30.0%

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.
BedsJun 2025Jul 2025Change MoM
1--
N/A
2--
N/A
3$500K$350K
-30.0%
4--
N/A
5--
N/A

Summary: Toivola housing price by bedroom type for July 2025, compared to the previous month. 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 decreased by -30.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Toivola, MI compare with other places?

Market comparison tool

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

Toivola, MI

Housing supply in Toivola, MI

How many homes are available in Toivola, 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
5Last MonthJul 2025
62 months agoJun 2025
-16.7 %
Change MoMJun – Jul

Summary: The Toivola real estate market had 5 homes for sale in Jul 2025, a 16.7 % decrease compared to Jun 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
1Last MonthJul 2025
12 months agoJun 2025
0.0 %
Change MoMJun – Jul

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.
BedsJun 2025Jul 2025Change MoM
122
0.0%
211
0.0%
332
-33.3%
400
0.0%
500
0.0%

Summary: Toivola housing inventory by bedroom type for July 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Toivola, 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 Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Toivola, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Toivola in July 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Toivola, MI

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Toivola has remained consistent over time.

Summary: During July 2025, 1 homes were sold in Toivola; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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
61 DaysLast MonthJul 2025
280 Days1 month agoJun 2025
-78.2 %
Change MoMJun – Jul

Summary: Homes in Toivola had an average listing age of 61 days in Jul 2025, down by 78.2% compared to the previous month.

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Newest Listings in Toivola, MI

What homes are available in Toivola, MI?

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Nearby markets aren't available for Toivola, MI

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MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, for the period 06/01/2025 - 08/01/2025

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: 8/3/2025, 2:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.