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Featured local agent — Iron Mountain, MI
Sarah Mitchell
Compass Real Estate · Iron Mountain, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Iron Mountain, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$142,450median sale price
How is the Iron Mountain, MI housing market right now?
The median home sale price in Iron Mountain, MI is $142,450, down 10.1% year-over-year. Homes sell in an average of 49 days with 27 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Iron Mountain a buyer's or seller's market?
Iron Mountain, MI is currently a leaning buyer's, based on 6.8 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
49
Average pace
Active listings
27
6.8 months supply
Sale-to-list
98.4%
Below asking
What does the Iron Mountain housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $142,450 |
| Median list price | $164,900 |
| Year-over-year price change | -10.1% |
| Average days on market | 49 days |
| Active inventory | 27 listings |
| Months of supply | 6.8 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $151/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 9 |
| Listings with a price cut | 14.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Iron Mountain by property type?
How the Iron Mountain, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $142,450 | $151/sq ft | 4 | 49 days |
| Condo / Co-op | $138,800 | $96/sq ft | 1 | 35 days |
Source: Redfin · Updated monthly
The Iron Mountain housing market is currently classified as a leaning buyer's with a median sale price of $142,450. Prices have fallen 10.1% compared to last year, with homes spending an average of 49 days on market, indicating 6.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Iron Mountain
There are currently 27 homes listed for sale in Iron Mountain, Michigan. The median listing price is $165K.
Active listings
27
Homes on market
Median list price
$165K
Avg. days on market
49
Days until sale
New this week
9
Newly listed
Who lives in Iron Mountain?
Population
7,508
Median income
$56,622/yr
Median age
42.9 years
Owner-occupied
72.6%
College grads
23.5%
Avg commute
16.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Iron Mountain?
Zillow home value
$197,411
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Iron Mountain?
Iron Mountain is a community of approximately 8K residents with a median age of 42.9 years.The median household income is $56,622, which represents a working-class community with solid middle-income opportunities. 23.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 16.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Iron Mountain offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Iron Mountain?
5 schools tracked · 796 students
The largest public schools serving Iron Mountain, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
North Elementary School
Grades K-4 · 259 students
Iron Mountain High School
Grades 9-12 · 237 students
IMK Community Education
Grades K-12 · 106 students
East Elementary School
Grades 5-6 · 100 students
Central Middle School
Grades 7-8 · 94 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Iron Mountain, MI?
Want a head-to-head view? Compare Iron Mountain side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Iron Mountain?
The median home sale price in Iron Mountain is $142,450, down 10.1% from last year.
How long do homes stay on market in Iron Mountain?
Homes typically spend 49 days on market before going under contract.
What is the median income in Iron Mountain?
The median household income is $56,622 per year.
Is Iron Mountain a buyer's or seller's market?
With 6.8 months of supply, Iron Mountain is currently a leaning buyer's.
What is the Zillow home value estimate for Iron Mountain?
The Zillow Home Value Index (ZHVI) for Iron Mountain is $197,411, representing the typical home value in the area.
What is the median condo price in Iron Mountain?
The median condo/co-op sale price in Iron Mountain, MI is $138,800, compared to $142,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Iron Mountain?
The median single-family home price in Iron Mountain, MI is $142,450 (about $151 per square foot).
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