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IRONWOOD, MI 49938

Real Estate Market Report  ·  Gogebic County
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The IRONWOOD, MI real estate market (49938) currently shows 48 active listings, with 12 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 41 days on market compared to 33 days last year.

The median listing price has fallen 30.8% year-over-year, from $245,700 to $170,000.

Whether you are buying or selling in IRONWOOD, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 7,636  ·  Density: 13.1/mi²  ·  Median household income: $43,990

Typical home value: $85,144  ·  Homeownership: 81.5%

Market Overview

Active Listings
48
⇩ 4% vs 50 last year
Pending
12
25% pending ratio
Median Price
$170,000
⇩ 30.8% vs $245,700 last year
Average Price
$258,084
⇩ 23.5% vs $337,187 last year
Days on Market
41
⇧ 24.2% vs 33 days last year

Price Per Square Foot

Median $/sqft
$107
⇩ 20.7% vs $135/sqft last year
Median Home Size
1,380 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 50 last year
  • Days on market: 41 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $170,000 (-30.8% YoY)
  • Average: $258,084 (-23.5% 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 38.9 miles — 98 listings ($41,332,331 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49938Ironwood, MI 499380.0 mi27$7,706,880$216,150$285,440
49959Ramsay, MI 499597.1 mi3$462,000$178,500$154,000
54534Hurley, WI 5453412.2 mi13$5,824,078$214,950$448,006
54536Iron Belt, WI 5453616.0 mi1$289,900$289,900$289,900
54565Upson, WI 5456521.1 mi1$205,000$205,000$205,000
49947Marenisco, MI 4994725.9 mi10$4,166,390$269,500$416,639
49971White Pine, MI 4997127.4 mi4$1,067,800$271,450$266,950
54545Manitowish Waters, WI 5454529.6 mi3$5,149,800$349,900$1,716,600
54546Mellen, WI 5454631.7 mi1$224,500$224,500$224,500
54527Glidden, WI 5452735.6 mi15$4,734,375$215,475$315,625
54850La Pointe, WI 5485036.5 mi3$1,587,000$529,000$529,000
54514Butternut, WI 5451437.3 mi4$1,136,800$169,450$284,200
54538Lac Du Flambeau, WI 5453838.9 mi13$8,777,808$548,375$675,216

Frequently Asked Questions

How many homes are for sale in IRONWOOD, MI 49938?

As of June 2026, there are 48 active listings in IRONWOOD, MI (zip code 49938), compared to 50 the prior year.

What is the median home price in IRONWOOD, MI 49938?

The median listing price in IRONWOOD, MI 49938 is $170,000 as of June 2026, a 30.8% decrease from $245,700 the prior year.

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

Homes in IRONWOOD, MI 49938 spend an average of 41 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in IRONWOOD, MI 49938?

Based on current inventory and days-on-market data as of June 2026, IRONWOOD, MI 49938 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 41 days on market compared to 33 days last year.

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

With SELL123.com's maximum 3% commission, sellers in IRONWOOD, MI 49938 save an estimated $3,400 compared to a typical 5% commission on the median listing price of $170,000. 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.