Is Isabella County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Isabella County has remained a Seller's Market.
Key Takeaway
Isabella County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Isabella County, MI
How much do homes in Isabella County, MI cost?
Median Sold Price
$180,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Isabella County have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Isabella County was $180,000 in March 2024, up 5.9% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.2K | $114K | +5.3% |
| 2 Bedrooms | $107.4K | $139K | +29.4% |
| 3 Bedrooms | $159.9K | $175K | +9.4% |
| 4 Bedrooms | $238.5K | $250K | +4.8% |
| 5+ Bedrooms | $314.5K | $356K | +13.2% |
Summary: Isabella County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Counties
| Midland County | $201K | $223.5K | +11.2% |
| Isabella County | $170K | $180K | +5.9% |
| Mecosta County | $198.8K | $206K | +3.6% |
| Clare County | $130K | $130K | 0.0% |
| Gladwin County | $176.1K | $165K | -6.3% |
Housing Supply in Isabella County, MI
How many homes are available in Isabella County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 130 | 162 | +24.6% |
Summary: The Isabella County real estate market had 162 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 68 | 79 | +16.2% |
| 4 Bedrooms | 37 | 50 | +35.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Isabella County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Isabella County, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Isabella County in March 2024, up by 57.1% month-over-month. Of the 31 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 75 Days | +9.9% |
Summary: Homes in Isabella County had an average of 75 days on market in Mar 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Isabella County has remained consistent over time.
Summary: During March 2024, 33 homes were sold in Isabella County; 36% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.