Grand Isle County experienced limited performance across property types in 2024 as few condos and multi-family options are available. Single-family homes saw a 8.27% increase in median sales price to $458,000, with units sold up 1.89%.
| Single-Family January-December 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $458,000.0 8.3% | $531,468.0 -11.3% | 108 1.9% | 158 9.0% | 47 62.1% |
| Condos January-December 2024 | ||||
|---|---|---|---|---|
| Median Sale Price: | Average Sale Price: | Units Sold: | Newly Listed: | Days on Market: |
| $416,500.0 -2.0% | $416,500.0 -2.0% | 1 0.0% | 2 100.0% | 34 385.7% |
Increased inventory (+8.97%) offered more options for buyers, but the average days on market (DOM) rose to 47 days, reflecting some moderation in buyer urgency. Buyers, many searching for their lakefront dream home, appear to wait for the “right” property to hit the market and then move quickly.
The land market saw a slight decline in median sales price (-4%) to $90,000, while inventory decreased by 8.33%. Whether buying or selling, a Realtor’s expertise is crucial for navigating this diverse market and achieving your goals.
| Grand Isle County Single Family | Median Price | VS 2023 | Units Sold | VS 2023 | New Listings | VS 2023 | Average DOM |
|---|---|---|---|---|---|---|---|
| Alburgh | $300,000 | -13.0% | 31 | 31.0% | 49 | 8.9% | 72 |
| Grand Isle | $485,000 | -4.0% | 30 | 30.0% | 35 | 2.9% | 35 |
| Isle La Motte | $400,750 | 5.5% | 14 | 14.0% | 19 | 0.0% | 51 |
| North Hero | $559,500 | -6.8% | 16 | 16.0% | 24 | 4.4% | 33 |
| South Hero | $627,500 | -16.8% | 17 | 17.0% | 31 | 29.2% | 34 |