Is Belle Isle, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Belle Isle has remained a Seller's Market.
Housing Prices in Belle Isle, FL
How much do homes in Belle Isle, FL cost?
Median Sold Price
$582,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Belle Isle was $582,000 in March 2024, up 16.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $270K | $1.1M | +329.6% |
3 Bedrooms | $452.5K | $491K | +8.5% |
4 Bedrooms | $547.5K | $601K | +9.8% |
5+ Bedrooms | $760K | $1.2M | +64.5% |
Summary: Belle Isle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 329.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 64.5%.
Median Sold Price Compared To Nearby Cities
Belle Isle | $500K | $582K | +16.4% |
Orlando | $360.1K | $379.9K | +5.5% |
Edgewood | $440K | $425K | -3.4% |
Housing Supply in Belle Isle, FL
How many homes are available in Belle Isle, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 27 | -18.2% |
Summary: The Belle Isle real estate market had 27 homes for sale in March 2024, a 18.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 17 | 12 | -29.4% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Belle Isle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Belle Isle in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 43 Days | +177.3% |
Summary: Homes in Belle Isle had an average of 43 days on market in Mar 2024, up by 177.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Belle Isle; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.