Is Isle, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Isle has remained a Buyer's Market.
Housing Prices in Isle, MN
How much do homes in Isle, MN cost?
Median Sold Price
$250,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Isle was $250,000 in April 2024, down 16.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $86K | -14.9% |
2 Bedrooms | $235K | $252.4K | +7.4% |
3 Bedrooms | $363.9K | $262.5K | -27.9% |
4 Bedrooms | $560K | $256K | -54.3% |
5+ Bedrooms | $374.5K | $455K | +21.5% |
Summary: Isle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 27.9%, 4 bedroom homes decreased by 54.3%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
Isle | $289.9K | $250K | -13.8% |
Isle | $299.9K | $250K | -16.6% |
East Side Township | $399.3K | $271.2K | -32.1% |
Housing Supply in Isle, MN
How many homes are available in Isle, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 29 | +141.7% |
Summary: The Isle real estate market had 29 homes for sale in April 2024, a 141.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 10 | +233.3% |
3 Bedrooms | 7 | 17 | +142.9% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Isle 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 233.3%, 3 bedroom homes increased by 142.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Isle in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
138 Days | 228 Days | +64.9% |
Summary: Homes in Isle had an average of 228 days on market in Apr 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Isle; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.