Question 1

What is the median sold price in Islay?

Accepted Answer

The median sold price in Islay is $131,250 based on 10 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Islay?

Accepted Answer

The average sold price in Islay is $127,390. Note that the average ($127,390) is lower than the median ($131,250), which suggests the market has a fairly even distribution of home prices.

Question 3

What is the price range for homes in Islay?

Accepted Answer

Home prices in Islay range from $27,500 to $230,000 based on recent sales data. This $202,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Islay selling above or below asking price?

Accepted Answer

On average, homes in Islay are selling at 91.4% of their asking price. This means buyers have significant negotiating power, with homes selling well below asking price. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Islay?

Accepted Answer

Homes in Islay are selling in an average of 164 days. This indicates a slower market where buyers have significant leverage. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Islay?

Accepted Answer

The average price per square foot in Islay is $102. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $204,000.

Question 7

How active is the real estate market in Islay?

Accepted Answer

The Islay market has seen 10 home sales over the past 2 years, with 5 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

What types of properties are selling in Islay?

Accepted Answer

The most common property types selling in Islay are: detached single family (9 sold, avg $133,489), vacant lot (1 sold, avg $72,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Islay?

Accepted Answer

Detached homes in Islay are selling for an average of $133,489, with 9 sales over the past 2 years.

Question 10

Are home prices rising or falling in Islay?

Accepted Answer

Home prices in Islay have decreased by 46.3% over the past 2 years. The average sold price moved from $135,000 to $72,500. This downward trend may present buying opportunities for purchasers.

Question 11

Is Islay a buyer's or seller's market?

Accepted Answer

Based on current data, Islay is a buyer's market. Homes are selling in 164 days on average and at 91.4% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 12

What percentage of homes sell above asking price in Islay?

Accepted Answer

In Islay, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 13

What are the average property taxes in Islay?

Accepted Answer

The average annual property tax in Islay is $1,124, with a median of $900. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 14

What size homes are selling in Islay?

Accepted Answer

Homes selling in Islay range from 823 to 1,698 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 15

How much do home prices vary in Islay?

Accepted Answer

Islay shows moderate price diversity with a standard deviation of $61,401 around the average price of $127,390. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 16

Where can I find recently sold homes in Islay?

Accepted Answer

You can view a comprehensive list of houses sold in Islay right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 17

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 18

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Islay.

Islay Homes Sold in the Last 30 Days

Islay Sold Data Overview

Recently Sold in Islay

Sold Data & Market Statistics for Islay

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2-Year Market Trends: All Property Types

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