Is Iron River, MI 49935 a buyer’s or seller’s market?

The Iron River housing market right now

In the three months ending August 31, 2026, 3% of homes in Iron River, MI 49935 sold above their list price, the typical home went under contract in 71 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold more slowly (56 days then) and the median sale price rose 20% to $170,826. Overall, Iron River is less competitive than a year ago, which gives buyers more room.

Within Iron County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Iron River ranks #508 of 510 MI ZIP codes with enough sales (score 8 out of 100).

Nearby, buyers who want less competition could look at Gaastra 49927 (0% sold over asking) or Amasa 49903 (0% sold over asking), while Caspian 49915 (17% sold over asking) and Crystal Falls 49920 (11% sold over asking) are even more competitive.