Is Belle Isle, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Belle Isle was a Seller's Market.
Housing Prices in Belle Isle, FL
How much do homes in Belle Isle, FL cost?
Median Sold Price
$585,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Belle Isle was $585,000 in May 2024, up 16.7% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302K | $355K | +17.5% |
3 Bedrooms | $450K | $493.5K | +9.7% |
4 Bedrooms | $540K | $605K | +12.0% |
5+ Bedrooms | $760K | $1.2M | +64.5% |
Summary: Belle Isle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 64.5%.
Median Sold Price Compared To Nearby Cities
Belle Isle | $501.2K | $585K | +16.7% |
Orlando | $365.6K | $385.1K | +5.3% |
Edgewood | $450.5K | $423.5K | -6.0% |
Housing Supply in Belle Isle, FL
How many homes are available in Belle Isle, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Summary: The Belle Isle real estate market had 32 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Belle Isle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Belle Isle in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Belle Isle, FL
How long does it take to sell a home in Belle Isle, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 64 Days | +140.6% |
Summary: Homes in Belle Isle had an average of 64 days on market in May 2024, up by 140.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Belle Isle; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.