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Ironwood, Michigan Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings
10
Sold (12M)
24
Median Price
$33K
Market Condition
Balanced Market

Ironwood, Michigan Market Meter

Buyer'sSeller's
Balanced Market

6.0 months of supply

Market conditions are relatively balanced between buyers and sellers.

Market Overview

Median Price
$33K
Avg Price/Acre
$5K
Avg Days on Market
101
Months of Supply
6.0
YoY Price Change
+214.3%
New Listings (3M)
2

Land Market Data by Acreage

Data Type:
View:
Acreage30D3M6M12M
0-1 acres1137
1-2 acres--12
2-5 acres---1
5-10 acres-113
10-20 acres-133
20-50 acres1157
50-100 acres----
100+ acres1111
TOTAL351424
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold
For Sale
0-1 acres7 sold / 3 listed
1-2 acres2 sold / 3 listed
2-5 acres1 sold / 0 listed
5-10 acres3 sold / 0 listed
10-20 acres3 sold / 0 listed
20-50 acres7 sold / 4 listed
100+ acres1 sold / 0 listed

Median Price by Acreage

$0$213K$425K
0- 1
1- 2
2- 5
5- 10
10- 20
20- 50
100+

Acreage buckets

Key Market Indicators

Total Sales Volume
$1.5M
Last 12 months
Active Listings
10
Current inventory
Avg Days on Market
101
Time to sell
Price Trend (YoY)
+214.3%
Year over year

Ironwood, Michigan Land Market Analysis

How much is land worth in Ironwood, Michigan?

The median price for land in Ironwood, Michigan is currently $5K per acre. For a typical parcel, the median sale price is $33K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $10K while premium lots reached $84K.

Is now a good time to buy land in Ironwood, Michigan?

Ironwood, Michigan is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have increased 214.3% year-over-year.

What is the months of supply for land in Ironwood, Michigan?

Ironwood, Michigan currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.

What is the median land price in Ironwood, Michigan?

The median land price in Ironwood, Michigan stands at $33K. This translates to roughly $5K per acre for the typical parcel size. The average price is $62K, indicating some higher-priced properties pulling up the average.

What is the total amount sold in Ironwood, Michigan last year?

Over the past 12 months, Ironwood, Michigan saw 24 properties sold, totaling $1.5M in sales volume. In just the last 3 months, 5 properties changed hands.

What is the average price per acre in Ironwood, Michigan?

Land in Ironwood, Michigan averages $13K per acre. The median price per acre is $5K, which may be more representative of typical transactions. Most parcels sold are around 5.2 acres.

What is the total land for sale in Ironwood, Michigan?

There are currently 10 active listings in Ironwood, Michigan. 2 new listings have hit the market in the last 90 days. The median asking price is $36K.

Data Sources & Accuracy

Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.

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