Is Isabella County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Isabella County was a Buyer's Market.
Housing Prices in Isabella County, MI
How much do homes in Isabella County, MI cost?
Median Sold Price
$178,966
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Isabella County was $178,966 in April 2024, up 2.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.5K | $114K | +2.2% |
2 Bedrooms | $108.9K | $138K | +26.7% |
3 Bedrooms | $160K | $175K | +9.4% |
4 Bedrooms | $242.7K | $246K | +1.4% |
5+ Bedrooms | $310K | $361K | +16.5% |
Summary: Isabella County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Counties
Midland County | $200K | $224.3K | +12.2% |
Clare County | $128K | $133K | +3.9% |
Mecosta County | $199.5K | $205.2K | +2.8% |
Isabella County | $175K | $178.9K | +2.3% |
Gladwin County | $179.5K | $170K | -5.3% |
Housing Supply in Isabella County, MI
How many homes are available in Isabella County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
153 | 176 | +15.0% |
Summary: The Isabella County real estate market had 176 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 27 | +28.6% |
3 Bedrooms | 75 | 87 | +16.0% |
4 Bedrooms | 47 | 47 | 0.0% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Isabella County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 16%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Isabella County in April 2024, up by 5.9% month-over-month. Of the 35 sold homes, 31% were sold under asking, 31% were sold at asking, and 37% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 79 Days | +62.2% |
Summary: Homes in Isabella County had an average of 79 days on market in Apr 2024, up by 62.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Isabella County; 19% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.