Is Isle, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Isle is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Isle was a Seller's Market.

Key Takeaway

Isle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Isle, MN

How much do homes in Isle, MN cost?

Median Sold Price

$258,500

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$500(+0.2%)

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 $258,500 in November 2024, up 0.2% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $104.9K$68.4K
-34.8%
2 $252.4K$242.5K
-3.9%
3 $265K$280K
+5.7%
4 $260.4K$462.5K
+77.6%
5+ $455K$600K
+31.9%

Summary: Isle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 77.6%, and 5+ bedroom homes increased by 31.9%.

Median Sold Price Compared To Nearby Cities

Isle
0.2%
Isle
-3.1%

Housing Supply in Isle, MN

How many homes are available in Isle, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3231-3.1%

Summary: The Isle real estate market had 31 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 99
0.0%
3 1714
-17.6%
4 23
+50.0%
5+ 01
+100.0%

Summary: The Isle 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 remained the same, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Isle, 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 Isle in November 2024, down by 50.0% 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 Isle, MN

How long does it take to sell a home in Isle, MN?

Average Sale Time

Nov 2023Nov 2024CHANGE
77 Days63 Days-17.3%

Summary: Homes in Isle had an average of 63 days on market in Nov 2024, down by 17.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Isle has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Isle; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Isle, MN

Nearby Markets to Isle, MN

What housing markets are near Isle, MN?