Iron Mountain, MI Foreclosures
How much do homes sell for in Iron Mountain, MI?
The average home price is currently $216,067.
In Iron Mountain, MI, how many homes are available?
There are currently 4 active home listings available in Iron Mountain.
What’s the average rental cost in Iron Mountain, MI?
The average rental price in Iron Mountain is $1,372.
What is the most expensive home in Iron Mountain?
The most expensive home sold in Iron Mountain had a price of $3,459,973.
What is currently the cheapest priced home in Iron Mountain, MI?
The cheapest home for sale in Iron Mountain is priced at $11,248.
Living in Iron Mountain, MI
Iron Mountain, MI is a vibrant city nestled in the Upper Peninsula featuring beautiful landscapes and a strong community spirit. Residents enjoy abundant outdoor activities year-round, complemented by local events that strengthen community ties. With its rich history and diverse amenities, Iron Mountain is an inviting place to call home.
Current Market Conditions in Iron Mountain, MI
Iron Mountain's real estate market has seen a moderate increase in activity over the past year, attributed to the area's attractiveness for families and retirees alike. There has been a noticeable trend towards larger homes and properties with outdoor space, reflecting buyers' desires for more personal space, especially post-pandemic.
In recent months, listings have become competitive, with more buyers entering the market, particularly for homes priced under $250,000. The average days on the market for homes has decreased, indicating a fast-paced selling environment.
Home Value Estimator For Iron Mountain, MI
There are currently 4,602 real estate properties
in Iron Mountain, MI,
with a median automated valuation model (AVM) price
of $165,162.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Iron Mountain, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Iron Mountain, MI,
is $216,067.00, with the most expensive house
in Iron Mountain, MI, topping out
at $3,459,973.00 and the cheapest home
in Iron Mountain, MI,
clocking in at $11,248.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Iron Mountain, MI!
Rent Prices
In Iron Mountain, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Iron Mountain, MI, is on
a rollercoaster ride. The
average rent price in Iron Mountain, MI,
is $1,372.00. Indeed, when looking to rent in
Iron Mountain, MI, you can expect to pay as little
as $740.00 or as much
as $2,930.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Iron Mountain, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
