Is Isanti, MN 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, Isanti has remained a Seller's Market.
Key Takeaway
Isanti is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Isanti, MN
How much do homes in Isanti, MN cost?
Median Sold Price
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Isanti have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Isanti was $330,000 in March 2024, up 2.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $150K | -16.2% |
| 2 Bedrooms | $270K | $290K | +7.4% |
| 3 Bedrooms | $316K | $339.7K | +7.5% |
| 4 Bedrooms | $349.9K | $344.9K | -1.4% |
| 5+ Bedrooms | $359.9K | $380K | +5.6% |
Summary: Isanti housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Isanti Township | $314.9K | $330K | +4.8% |
| Bradford Township | $354.9K | $370K | +4.3% |
| Isanti | $321.7K | $330K | +2.6% |
Housing Supply in Isanti, MN
How many homes are available in Isanti, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 69 | -5.5% |
Summary: The Isanti real estate market had 69 homes for sale in March 2024, a 5.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Isanti housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Isanti, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Isanti in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for Isanti, MN
How long does it take to sell a home in Isanti, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 39 Days | +41.4% |
Summary: Homes in Isanti had an average of 39 days on market in Mar 2024, up by 41.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Isanti are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Isanti; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
