Is Belle Isle, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Isle is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Belle Isle has remained a Seller's Market.

Key Takeaway

Belle Isle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Belle Isle, FL

How much do homes in Belle Isle, FL cost?

Median Sold Price

$586,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$86,000(+17.2%)

Key Takeaway

Homes in Belle Isle have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Belle Isle was $586,000 in February 2024, up 17.2% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $235K$731K
+211.1%
3 $435K$490K
+12.6%
4 $537.5K$605K
+12.6%
5+ $755K$1.2M
+64.2%

Summary: Belle Isle housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 211.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 64.2%.

Median Sold Price Compared To Nearby Cities

Belle Isle
+17.2%
Orlando
+4.8%

Housing Supply in Belle Isle, FL

How many homes are available in Belle Isle, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3234+6.3%

Summary: The Belle Isle real estate market had 34 homes for sale in February 2024, a 6.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1313
0.0%
4 1416
+14.3%
5+ 55
0.0%

Summary: The Belle Isle housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belle Isle, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Belle Isle in February 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
84 Days46 Days-44.9%

Summary: Homes in Belle Isle had an average of 46 days on market in Feb 2024, down by 44.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belle Isle are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 6 homes were sold in Belle Isle; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Belle Isle, FL

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