| Median Sale Price | Average Sale Price | Units Sold | Newly Listed | Days on Market | |
|---|---|---|---|---|---|
| Single-Family | $258,750 (5.7%) | $294,848 (-10.3%) | 112 (6.7%) | 192 (-13.9%) | 131 (-26.4%) |
| Condos | $278,500 (7.5%) | $278,500 (7.5%) | 2 (100%) | 2 (100%) | 67 (-14.1%) |
| Multi-Family* | N/A | N/A | N/A | 4 (100%) | N/A |
| Land | $109,750 (43.9%) | $172,550 (41.8%) | 18 (-10%) | 52 (4%) | 357 (13.3%) |
Single-family home sales continued to increase through the 3rd quarter of the year during what is typically Grand Isle’s peak season. Homes are selling more quickly as well – only 4 months from list to close – down from nearly 6 months a year ago.
With a median sale price of $258,750 across the county, prices become more affordable as you travel north. Sellers should take advantage of strong demand and limited inventory by keeping their properties on the market during the holidays and winter season – which may be counterintuitive to the traditional trends of an island community.