$2,845,000
7,172 SqFt
5 Beds
•2 Full Baths, 2 Partial
Listing Office: Coldwell Banker Realty
Is East Isles, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Isles was a Seller's Market.
Key Takeaway
East Isles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Isles, MN
How much do homes in East Isles, MN cost?
Median Sold Price
$345,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+7.8%)
Key Takeaway
Homes in East Isles have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in East Isles was $345,000 in October 2024, up 7.8% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $144K | +4.7% |
| 2 Bedrooms | $320K | $262.5K | -18.0% |
| 3 Bedrooms | $380K | $800K | +110.5% |
| 4 Bedrooms | $915K | $1.2M | +36.6% |
| 5+ Bedrooms | $837.5K | $1.2M | +49.3% |
Summary: East Isles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 110.5%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 49.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Calhoun-Isles | $381.5K | $440K | +15.3% |
| East Isles | $320K | $345K | +7.8% |
| Lowry Hill East | $300K | $301.2K | 0.4% |
Housing Supply in East Isles, MN
How many homes are available in East Isles, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Summary: The East Isles real estate market had 26 homes for sale in October 2024, a 13.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The East Isles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Isles, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Isles in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Isles, MN
How long does it take to sell a home in East Isles, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 84 Days | +133.3% |
Summary: Homes in East Isles had an average of 84 days on market in Oct 2024, up by 133.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Isles are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in East Isles; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
