Homes for Sale Under 500K in Ishpeming, MI

82 Homes for Sale

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Ishpeming, MI Housing Market Overview

Ishpeming's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 2.2-month supply of homes and properties spending 84 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

84

Inventory

82

Aug 2021Mar 2024Mar 2026

Median Home Price

$162,000Down 0.09%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
82 Up 0.22%
Newly Listed Homes
5 Up 1.50%
Months of Supply
2.2 Down 0.10%

Housing Demand

Homes Sold
5 Down 0.00%
Sale-to-List Ratio
100% Down 1.44%
Homes Sold Above List
20% Down 5.00%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Ishpeming Market Report
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    Based on information from MiRealSource through Sep 6, 2026, 6:45 AM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2024 MiRealSource. All Rights Reserved.

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Ishpeming, MI Housing Marketlink qauare
Homes Available icon

82

Homes Available

Median List Price icon

$ 162,000

Median List Price

Avg on Market icon

84 Days

Avg on Market

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