The Mount Isa home selling market in 2024

With 2024 already more than two months old, it’s a perfect time to look at the current state of the Mt Isa home selling market. Read on to find out everything that Mount Isa home sellers and buyers need to know. Our team has all the information you need at our fingertips.

Market drivers

First of all, it’s important to understand that Mount Isa has a higher percentage of our population renting (45%) than many other locations around Australia. A lot of people come to Mount Isa to work for a short time because of the good money that can be made, and they rent while they are here. This makes for a healthy investment property market.

You can read all about the Mount Isa investment property market, including current market drivers, rent rates, rental yields, vacancy rates and available listings here.

However, about 55% of Mount Isa residents are also owner-occupiers, so a healthy home buying and selling market exists there as well.

Current Mount Isa home sales prices

As you’d expect, current Mount Isa home sales rates vary depending on the type and quality of the property. According to the latest available figures, the average asking price for Mount Isa sellers is about $299,000 for houses and $212,000 for units.

Given that the average income for Mount Isa residents is higher than both the Queensland and national averages, these average prices make Mount Isa homes some of the most affordable in the state.

Four-bedroom houses are usually dearer than three-bedroom houses and vice versa. Similarly, two bedroom-units are usually dearer than one-bedroom apartments.

Free-standing houses are the most common types of properties in Mount Isa, and most of these properties have decent-sized yards. Many also have pools.

Mount Isa home sales listings in 2024

The latest figures show that the number of Mount Isa residential home sales listings has declined by about 20% over the past year. They also show:

  • Around 10% of Mount Isa homes sell within 30 days of listing.
  • Around 20% sell within 60 days of listing.
  • Around 30% sell within 90 days of listing.
  • Around 50% sell within 180 days of listing.

Properties that sell quickly tend to be well presented prior to listing and have realistic listing prices. If you’re looking to sell your Mount Isa home, you can read some tips for how to get the best selling price for your home here.

If you’re looking to buy a Mt Isa residential home or investment property, you can search our current range of available listings here. We have a diverse range of properties to suit different budgets and needs. If you see something you like, it’s best to get in contact as soon as you can so you don’t miss out on it.

You can also check out our track record of recent Mount Isa home sales here.

The bottom line

Whether you’re selling or buying, the Mount Isa home sales market is a fairly stable and healthy one. It’s likely to remain that way throughout 2024, so you can sell or buy with confidence. As most locals will tell you, Mount Isa is a great place to live, work and invest.

About us

Jays Real Estate has been Mount Isa’s premier residential and commercial real estate agency since 1981.

If you’re thinking about buying, selling, renting or leasing any Mt Isa property, or you need your property professionally managed, then contact our team today for an obligation-free chat!

We’d be happy to provide you with advice and to answer any property questions you have.