Iron Mountain, MI metro area Housing Market
Cold MarketComprehensive housing market data for the Iron Mountain, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$112K
↓ 8.6% YoY
Days on Market
71 days
↑ 39.2% YoY
Active Inventory
93
↓ 14.7% YoY
Homes Sold
18
↑ 20.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Iron Mountain, MI metro area Market Summary
The Iron Mountain, MI metro area housing market is cooling down. As of January 2026, the median home sale price is $112K, down 8.6% year-over-year. Homes are spending a median of 71 days on the market, 39.2% longer than a year ago.
There are 93 homes for sale — 14.7% fewer than last year. With 5.2 months of supply, this is a balanced market. 15 new listings were added during this period, down 40.0% year-over-year.
Homes are selling for 96.3% of their list price on average, suggesting room for negotiation. 27.8% of homes sell above their asking price. 14.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 74% below the national median, which could indicate stronger cash flow potential.
Iron Mountain, MI metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$175K
Price per Sq Ft
$100
Sale-to-List Ratio
96.3%
Months of Supply
5.2
Sold Above List
27.8%
Price Drops
14.0%
New Listings
15
↓ 40.0% YoY
Pending Sales
27
Off Market in 2 Weeks
14.8%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.