Is Isabella County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Isabella County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Isabella County has remained a Seller's Market.

Key Takeaway

Isabella County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Isabella County, MI

How much do homes in Isabella County, MI cost?

Median Sold Price

$194,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,083(+9.7%)

Key Takeaway

Homes in Isabella County have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Isabella County was $194,000 in November 2024, up 9.7% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $106K$122K
+15.1%
2 $139K$127.5K
-8.3%
3 $170K$188.9K
+11.1%
4 $246K$250K
+1.6%
5+ $305K$395K
+29.5%

Summary: Isabella County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 29.5%.

Median Sold Price Compared To Nearby Counties

Midland County
+14.3%
Mecosta County
+12.0%
Gladwin County
+10.6%
Isabella County
+9.7%
Clare County
+5.1%

Housing Supply in Isabella County, MI

How many homes are available in Isabella County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
207198-4.3%

Summary: The Isabella County real estate market had 198 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 3832
-15.8%
3 104104
0.0%
4 5853
-8.6%
5+ 68
+33.3%

Summary: The Isabella County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4541-8.9%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Isabella County, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Isabella County in November 2024, down by 8.9% month-over-month. Of the 40 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.

Days on Market for Isabella County, MI

How long does it take to sell a home in Isabella County, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days66 Days-3.3%

Summary: Homes in Isabella County had an average of 66 days on market in Nov 2024, down by 3.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Isabella County has remained consistent over time.

Summary: During November 2024, 41 homes were sold in Isabella County; 29% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Isabella County, MI

Nearby Markets to Isabella County, MI

What housing markets are near Isabella County, MI?