Is Islamorada, Village of Islands, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Islamorada, Village of Islands has remained a Buyer's Market.
Housing Prices in Islamorada, Village of Islands, FL
How much do homes in Islamorada, Village of Islands, FL cost?
Median Sold Price
$1,910,000
$830/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Islamorada, Village of Islands was $1,910,000 in April 2024, up 6.1% from last year, and the median price per square foot was $830.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $400K | N/A |
2 Bedrooms | $649K | $602.5K | -7.2% |
3 Bedrooms | $2.0M | $1.6M | -20.0% |
4 Bedrooms | $1.9M | $2.4M | +30.3% |
5+ Bedrooms | $4.8M | $2.8M | -42.3% |
Summary: Islamorada, Village of Islands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 42.3%.
Median Sold Price Compared To Nearby Cities
Upper Keys | $824K | $1.1M | +33.5% |
Islamorada, Village of Islands | $1.8M | $1.9M | +6.1% |
Housing Supply in Islamorada, Village of Islands, FL
How many homes are available in Islamorada, Village of Islands, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Summary: The Islamorada, Village of Islands real estate market had 58 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Islamorada, Village of Islands housing inventory by bedroom type for April 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 19.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Islamorada, Village of Islands in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Islamorada, Village of Islands, FL
How long does it take to sell a home in Islamorada, Village of Islands, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 66 Days | +7.7% |
Summary: Homes in Islamorada, Village of Islands had an average of 66 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Islamorada, Village of Islands; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.