Is Irons, MI 49644 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Irons is a seller’s market. With about 3.5 months of supply and 4% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score15/ 100

More competitive than 8% of U.S. ZIP codes, and #500 of 510 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.5Under 4 months = seller’s market
Sold above original list4.3%Share of sales, last 3 months
Median sale-to-list93.4%Sold price ÷ list price
Median days on market71Listing to accepted offer
Median price per sq ft$175▼ −18.3% vs. last year

The Irons housing market right now

In the three months ending August 31, 2026, 4% of homes in Irons, MI 49644 sold above their list price, the typical home went under contract in 71 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 24 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (23 days then) and the median sale price fell 9% to $214,907. Overall, Irons is less competitive than a year ago, which gives buyers more room.

Within Lake County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 80%. On our competition score, Irons ranks #500 of 510 MI ZIP codes with enough sales (score 15 out of 100).

Nearby, buyers who want less competition could look at Chase 49623 (0% sold over asking), while Branch 49402 (44% sold over asking) and Luther 49656 (25% sold over asking) are even more competitive.

Nearby markets

Baldwin 49304Balanced $189 /sq ftBranch 49402Seller’s market $239 /sq ftChase 49623Buyer’s market $319 /sq ftIdlewild 49642Balanced $133 /sq ft Browse all markets →

Where Irons is

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Questions about Irons real estate

Is Irons a buyer’s or seller’s market?

A seller’s market: there were 3.5 months of supply in Irons, MI 49644 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Irons?

The typical home went under contract in 71 days in the latest three months.

Do homes in Irons sell over asking?

4% of homes sold above their original list price, and the typical sale closed at 93.4% of the list price.

What are property taxes in Irons?

About 1.09% of a home’s value a year in Lake County, or roughly $4,360 on a $400,000 home.

What is the median home price in Irons?

The median sale price was $214,907 in the three months ending August 31, 2026, about $175 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology