Gogebic County, MI Home Values & Market Trends

The median home price in Gogebic County, MI is $98,538.5. There were 338 home sales in Gogebic County, MI over the past 12 months. The median residential Gogebic County, MI home value for transactions over the previous year is $90,000. The number of current listings in Gogebic County, MI is 32, and the percentage of properties for sale is 32.00%. The county has 5 foreclosures, 3 bank owned properties, 2 headed for auction, and 32 properties for sale.

Gogebic County, MI Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Ironwood

$ 99,450

$ 75/sqft

Marenisco

$ 96,131

$ 84/sqft

Bessemer

$ 171,362

$ 112/sqft

Watersmeet

$ --

$ --

Wakefield

$ 179,000

$ 134/sqft

Ramsay

$ --

$ --

Housing Market Summary for Gogebic County, MI

Apr 2023March 2024Change
Median Listing Price$125K$91,540-26.77%
Median Sold Price$68,900$91,54032.86%
Homes For Sale173288.24%
Homes Sold253169-33.20%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Gogebic County, MI

Gogebic County, MI home values range from $18,050 to $5,047,424. Marenisco is the priciest city with a median listing home price of $220,000, and Ironwood is most affordable with average house prices of around $129,750.

Foreclosure
There are 6 cities within Gogebic County, MI; within these cities, the median estimated home value for homes in foreclosure ranges from $323,103 in Ironwood to the lowest value of $35,000 in Ironwood. Foreclosure homes account for 0.00% of properties in Gogebic County, MI with Ironwood containing 4 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Gogebic County, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 6 cities within Gogebic County, MI; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Gogebic County, MI ranges from the highest value of $80,899 in Ironwood to the lowest value of $35,000 in Ironwood. Bank owned homes and properties account for 0.03% of properties in Gogebic County, MI. There are 6 cities within Gogebic County, MI; Ironwood containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Wakefield has 1 auction properties, the highest number of properties going to auction in a single city in the state of Gogebic County, MI. Auction homes and other auction properties account for 0.02% of all properties in Gogebic County, MI. There are 6 cities within Gogebic County, MI; of those cities, the median estimated home value for homes going to auction ranges from $323,103 in Wakefield to the lowest value of $55,704 in Wakefield.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.28% of residential properties in Gogebic County, MI with Ironwood containing 22 homes for sale, the highest number of listed properties in a single city. There are 6 cities within Gogebic County, MI; homes for sale in those cities, have a range of median values from $179,000 in Wakefield to the lowest value of $35,000 in Ironwood.
    Sold Homes
    The median value for recently sold homes ranges from $656,399 in Marenisco to the lowest price of $22,100 in Marenisco. There are 6 cities within Gogebic County, MI. Ironwood has 60 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.36% of properties in Gogebic County, MI.

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      Guide for Gogebic County, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
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      RealtyTrac Market Report
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      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?