The Island Lake housing market is very competitive. The median sale price of a home in Island Lake was $858K last month, up 18.3% since last year. The median sale price per square foot in Island Lake is $236, up 4.9% since last year.
What is the housing market like in Island Lake today?
In October 2024, Island Lake home prices were up 18.3% compared to last year, selling for a median price of $858K. On average, homes in Island Lake sell after 19 days on the market compared to 19 days last year. There were 12 homes sold in October this year, up from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$857,500
+18.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Island Lake, MI
$857,500
+18.3%
United States
To compare other locations to the Island Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Novi add value to a home.
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How hot is the Island Lake housing market?
Island Lake is very competitive. Homes sell in 14 days.
0
100
82
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 14 days.
Hot homes
can sell for about 2% above list price and go pending in around 7 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.2%
-5.2 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Island Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Island Lake.
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Island Lake has a minor risk of flooding. 6 properties in Island Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Island Lake. Flood risk is increasing faster than the national average.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
Island Lake has a moderate risk of wildfire. There are 127 properties in Island Lake that have some risk of being affected by wildfire over the next 30 years. This represents 19% of all properties in Island Lake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Island Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Island Lake is most at risk from severe storms. 657 properties in Island Lake have some risk of being in a severe wind event within the next 30 years.