$3,205 Closing Credit*
$269,900
632 SqFt
1 Bed
•1 Bath
Listing Office: Keller Williams Realty Professionals
Is Isle, 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, Isle was a Seller's Market.
Key Takeaway
Isle is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Isle, MN
How much do homes in Isle, MN cost?
Median Sold Price
$260,000
$187/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Isle has remained the same since last year.
Summary: The median home sold price in Isle was $260,000 in October 2024, the same as last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.9K | $68.9K | -42.5% |
| 2 Bedrooms | $254.9K | $242.5K | -4.9% |
| 3 Bedrooms | $340K | $280K | -17.6% |
| 4 Bedrooms | $256K | $462.5K | +80.7% |
| 5+ Bedrooms | $455K | $600K | +31.9% |
Summary: Isle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.5%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 80.7%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Cities
| Isle | $260K | $260K | 0.0% |
| Isle Harbor Township | $365K | $362.2K | -0.8% |
| Isle | $260K | $256K | -1.5% |
| East Side Township | $363.2K | $271.2K | -25.3% |
Housing Supply in Isle, MN
How many homes are available in Isle, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Summary: The Isle real estate market had 36 homes for sale in October 2024, a 2.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Isle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Isle, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Isle in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Isle, MN
How long does it take to sell a home in Isle, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 38 Days | +86.3% |
Summary: Homes in Isle had an average of 38 days on market in Oct 2024, up by 86.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Isle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Isle; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
