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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Isle is a neutral'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

$256,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-1.5%)

Key Takeaway

Homes in Isle have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Isle was $256,000 in October 2024, down 1.5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119.9K$68.9K
-42.5%
2 $257.4K$242.5K
-5.8%
3 $330K$270K
-18.2%
4 $255.5K$462.5K
+81.0%
5+ $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 5.8%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 81%, and 5+ bedroom homes increased by 31.9%.

Median Sold Price Compared To Nearby Cities

Isle
0.0%
Isle
-1.5%
East Side Township
-25.3%

Housing Supply in Isle, MN

How many homes are available in Isle, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3736-2.7%

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

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1111
0.0%
3 1717
0.0%
4 53
-40.0%
5+ 11
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 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
23 Days38 Days+65.0%

Summary: Homes in Isle had an average of 38 days on market in Oct 2024, up by 65% 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

Breakdown of Home Sale Times

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.

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

Report Updated 4 Days Ago

Newest Listings in Isle, MN

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