Property prices for sale in Iron River (Michigan)

The prices in real estate in Iron River, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$170,598.83
Average price last 6 months
$2,381.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Iron River has increased strongly during the last 6 months. In September, the average price per sq.feet was $125. In the following month the price per sq.feet increased considerably to $1,502. The price for the following two months in (November, December) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has had a considerable increase of 776 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $732 to $5,680.5 during January, and February.

Average price

Based upon to the price in Iron River (cities), this has fallen considerably in the last 6 months. The average price for September is $226,500. During October the price had a considerable reduction till $141,321. During the following two months (November, December) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $173,781.75 to $164,233 in January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $163,676 they are 28 % more affordable than the average price for Iron River. The properties with the highest average price have 1 bedroom, Their price is 428 % more costly than the average. After that we have properties with 4 bedrooms priced at $443,168.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $91 / sq.feet, with an average $11,253 / sq.feet price in Iron River. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 4 bedrooms with a price at $129 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $163,676 it is 33 % cheaper than the average price in Iron River. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $228,387 it is 152 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $100 / sq.feet followed by "House" priced at $115 / sq.feet. "Land" is the most costly type of property with a $34,240 / sq.feet cost followed by "House" with an average price of $115 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Iron River
Number of properties used in region Michigan
$163,676
$11,253
970
531,356
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value