Is Lake Isabella, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lake Isabella has remained a Buyer's Market.
Housing Prices in Lake Isabella, MI
How much do homes in Lake Isabella, MI cost?
Median Sold Price
$690,000
$174/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Lake Isabella was $690,000 in April 2024, up 100% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $150K | N/A |
3 Bedrooms | $345K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | $1.2M | N/A |
Summary: Lake Isabella housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Weidman | $192K | $690K | +259.4% |
Lake Isabella | $345K | $690K | +100.0% |
Sherman Township | $80K | $150K | +87.5% |
Housing Supply in Lake Isabella, MI
How many homes are available in Lake Isabella, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Summary: The Lake Isabella real estate market had 17 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Lake Isabella 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lake Isabella in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Isabella, MI
How long does it take to sell a home in Lake Isabella, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 48 Days | +31.1% |
Summary: Homes in Lake Isabella had an average of 48 days on market in Apr 2024, up by 31.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Lake Isabella; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.