Is Lake Isabella, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Lake Isabella has remained a Seller's Market.
Key Takeaway
Lake Isabella is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Lake Isabella, MI cost?
Median Sold Price
$190,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
+$13,250(+7.5%)
Key Takeaway
Homes in Lake Isabella have sold for 7.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $63K | $137.5K | +118.3% |
| 3 Bedrooms | $171K | $167K | -2.3%  |
| 4 Bedrooms | $344.5K | $207.5K | -39.8% |
| 5+ Bedrooms | $231.5K | $495K | +113.8% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Sherman Township | +40.2% |
| Nottawa Township | +37.3% |
| Weidman | +26.2% |
| Lake Isabella | +7.5% |
| Broomfield Township | +1.7% |
How many homes are available in Lake Isabella, MI?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 10 | 14 | +40.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3%  |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Isabella, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 123 Days | 48 Days | -60.6% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Isabella are selling fast, if you're buying plan to act quickly.
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. 