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IRON RIVER, MI 49935

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The IRON RIVER, MI real estate market (49935) currently shows 64 active listings, with 18 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 84 days on market compared to 57 days last year.

The median listing price has risen 1.5% year-over-year, from $206,975 to $210,000.

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Market Context

Market Context

Population: 5,943  ·  Density: 5.0/mi²  ·  Median household income: $51,913

Typical home value: $96,946  ·  Homeownership: 78.5%

Market Overview

Active Listings
64
⇧ 16.4% vs 55 last year
Pending
18
28% pending ratio
Median Price
$210,000
⇧ 1.5% vs $206,975 last year
Average Price
$351,886
⇧ 24.8% vs $282,010 last year
Days on Market
84
⇧ 47.4% vs 57 days last year

Price Per Square Foot

Median $/sqft
$188
⇧ 60.7% vs $117/sqft last year
Median Home Size
1,307 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 55 last year
  • Days on market: 84 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $210,000 (+1.5% YoY)
  • Average: $351,886 (+24.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 39.4 miles — 129 listings ($108,635,464 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49935Iron River, MI 499350.0 mi33$11,534,622$187,000$349,534
49927Gaastra, MI 4992713.4 mi1$69,900$69,900$69,900
54554Phelps, WI 5455417.9 mi11$11,164,725$604,700$1,014,975
49902Alpha, MI 4990220.4 mi4$703,668$149,900$175,917
49969Watersmeet, MI 4996922.6 mi7$30,728,600$3,900,000$4,389,800
49919Covington, MI 4991926.3 mi5$2,035,125$367,250$407,025
49912Bruce Crossing, MI 4991229.9 mi1$149,000$149,000$149,000
54540Land O'Lakes, WI 5454030.6 mi4$412,332$64,800$103,083
54521Eagle River, WI 5452131.1 mi45$39,965,175$429,250$888,115
54511Argonne, WI 5451132.8 mi9$4,327,317$298,425$480,813
54561Star Lake, WI 5456135.5 mi1$325,000$325,000$325,000
49861Michigamme, MI 4986138.3 mi5$6,868,625$1,062,500$1,373,725
49908Baraga, MI 4990839.4 mi3$351,375$111,225$117,125

Frequently Asked Questions

How many homes are for sale in IRON RIVER, MI 49935?

As of September 2026, there are 64 active listings in IRON RIVER, MI (zip code 49935), compared to 55 the prior year.

What is the median home price in IRON RIVER, MI 49935?

The median listing price in IRON RIVER, MI 49935 is $210,000 as of September 2026, a 1.5% increase from $206,975 the prior year.

How long do homes stay on the market in IRON RIVER, MI?

Homes in IRON RIVER, MI 49935 spend an average of 84 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in IRON RIVER, MI 49935?

Based on current inventory and days-on-market data as of September 2026, IRON RIVER, MI 49935 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 84 days on market compared to 57 days last year.

How much can I save on real estate commission in IRON RIVER, MI?

With SELL123.com's maximum 3% commission, sellers in IRON RIVER, MI 49935 save an estimated $4,200 compared to a typical 5% commission on the median listing price of $210,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.