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Featured local agent — Ishpeming, MI
Sarah Mitchell
Compass Real Estate · Ishpeming, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ishpeming, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$217,500median sale price
How is the Ishpeming, MI housing market right now?
The median home sale price in Ishpeming, MI is $217,500, up 24.3% year-over-year. Homes sell in an average of 9 days with 24 active listings. The market is currently a seller's market. (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 Ishpeming a buyer's or seller's market?
Ishpeming, MI is currently a seller's market, based on 6.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
9
Fast-moving
Active listings
24
6.0 months supply
Sale-to-list
108.5%
Above asking
What does the Ishpeming housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $217,500 |
| Median list price | $194,500 |
| Year-over-year price change | +24.3% |
| Average days on market | 9 days |
| Active inventory | 24 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 108.5% |
| Median price per sq ft | $123/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 16 |
| Listings with a price cut | 29.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Ishpeming by property type?
How the Ishpeming, 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 | $217,500 | $123/sq ft | 4 | 9 days |
Source: Redfin · Updated monthly
The Ishpeming housing market is currently classified as a seller's market with a median sale price of $217,500. Prices have risen 24.3% compared to last year, with homes spending an average of 9 days on market, indicating 6.0 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Ishpeming
There are currently 24 homes listed for sale in Ishpeming, Michigan. The median listing price is $195K.
Active listings
24
Homes on market
Median list price
$195K
Avg. days on market
9
Days until sale
New this week
16
Newly listed
Who lives in Ishpeming?
Population
6,173
Median income
$52,717/yr
Median age
35.5 years
Owner-occupied
71.0%
College grads
26.3%
Avg commute
18.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Ishpeming?
Zillow home value
$199,928
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Ishpeming?
Ishpeming is a community of approximately 6K residents with a median age of 35.5 years.The median household income is $52,717, which represents a working-class community with solid middle-income opportunities. 26.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ishpeming offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ishpeming?
6 schools tracked · 1,797 students
The largest public schools serving Ishpeming, 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.
Aspen Ridge Elementary School
Grades PK-8 · 737 students
Westwood High School
Grades 8-12 · 403 students
Birchview School
Grades PK-4 · 245 students
Ishpeming High School
Grades 9-12 · 211 students
Ishpeming Middle School
Grades 5-8 · 182 students
IshpemingNegauneeNICE Comm Ed Division
Grades 7-12 · 19 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 Ishpeming, MI?
Want a head-to-head view? Compare Ishpeming side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ishpeming?
The median home sale price in Ishpeming is $217,500, up 24.3% from last year.
How long do homes stay on market in Ishpeming?
Homes typically spend 9 days on market before going under contract.
What is the median income in Ishpeming?
The median household income is $52,717 per year.
Is Ishpeming a buyer's or seller's market?
With 6.0 months of supply, Ishpeming is currently a seller's market.
What is the Zillow home value estimate for Ishpeming?
The Zillow Home Value Index (ZHVI) for Ishpeming is $199,928, representing the typical home value in the area.
How much does a single-family home cost in Ishpeming?
The median single-family home price in Ishpeming, MI is $217,500 (about $123 per square foot).
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