Question 1

What is the median sold price in Iron River?

Accepted Answer

The median sold price in Iron River is $152,500 based on 6 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Iron River?

Accepted Answer

The average sold price in Iron River is $203,333. Note that the average ($203,333) is higher than the median ($152,500), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Iron River?

Accepted Answer

Home prices in Iron River range from $43,000 to $490,000 based on recent sales data. This $447,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Iron River selling above or below asking price?

Accepted Answer

On average, homes in Iron River are selling at 95.6% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Iron River?

Accepted Answer

Homes in Iron River are selling in an average of 268 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Iron River?

Accepted Answer

The average price per square foot in Iron River is $159. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $318,000.

Question 7

How active is the real estate market in Iron River?

Accepted Answer

The Iron River market has seen 6 home sales over the past 2 years, with 2 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

What types of properties are selling in Iron River?

Accepted Answer

The most common property types selling in Iron River are: agriculture / farm (5 sold, avg $228,000), vacant lot (1 sold, avg $80,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

Are home prices rising or falling in Iron River?

Accepted Answer

Home prices in Iron River have decreased by 88.8% over the past 2 years. The average sold price moved from $490,000 to $55,000. This downward trend may present buying opportunities for purchasers.

Question 10

Is Iron River a buyer's or seller's market?

Accepted Answer

Based on current data, Iron River is a buyer's market. Homes are selling in 268 days on average and at 95.6% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Iron River?

Accepted Answer

In Iron River, 33% of homes sold above asking price, while 67% sold below asking. This indicates a competitive market where bidding wars are common.

Question 12

What size homes are selling in Iron River?

Accepted Answer

Homes selling in Iron River range from 987 to 1,740 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Iron River?

Accepted Answer

Iron River shows high price diversity with a standard deviation of $160,531 around the average price of $203,333. This wide range indicates a diverse market with options at many price points.

Question 14

How do I find out how much a house sold for in Iron River?

Accepted Answer

Simply search our Iron River sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 15

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Iron River will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 16

Do you show all MLS® sold listings for Iron River?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Iron River. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Iron River Homes Sold in the Last 30 Days

Iron River Sold Data Overview

Recently Sold in Iron River

Sold Data & Market Statistics for Iron River

All Property Types

2-Year Market Trends: All Property Types

Negotiation & Cost Insights

How does Iron River compare to Rural Bonnyville M.D.?

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