Is Iron Mountain, MI 49801 a buyer’s or seller’s market?

The Iron Mountain housing market right now

In the three months ending August 31, 2026, 27% of homes in Iron Mountain, MI 49801 sold above their list price, the typical home went under contract in 43 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 50 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (45 days then) and the median sale price fell 27% to $179,922. Overall, Iron Mountain is about as competitive as it was a year ago.

Within Dickinson County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Iron Mountain ranks #359 of 510 MI ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Vulcan 49892 (0% sold over asking) or Sagola 49881 (0% sold over asking), while Quinnesec 49876 (50% sold over asking) and Kingsford 49802 (39% sold over asking) are even more competitive.