Is Islamorada, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Islamorada is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Islamorada was a Seller's Market.

Key Takeaway

Islamorada is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Islamorada, FL cost?

Median Sold Price

$981,000

-

Based on all homes sold in October 2022.

Difference Since Last Month

+$346,550(+54.6%)

Key Takeaway

Homes in Islamorada have sold for 54.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $634.4K$981K
+54.6%
3 --
N/A
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Islamorada
+54.6%
Islamorada, Village of Islands
+54.6%

How many homes are available in Islamorada, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
1014+40.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 54
-20.0%
3 26
+200.0%
4 23
+50.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Islamorada, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
46 Days65 Days+39.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Islamorada has remained consistent over time.

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

About Islamorada, FL

Number of homes for sale in Islamorada, FL real estate market have reached 14. The number of listings in Islamorada, FL increased by 40% between September 2022 and October 2022. While the average time on the market in October 2022 was 65 days, the median list price was $981,000. Between October 2021 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 54.6%, the cost of 3 bedrooms properties went up by 0%, prices of 4 bedrooms properties went up by 0%, 5 bedrooms properties prices increased by 0%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 20%, 3 bedrooms homes became 200% more available, volume of 4 bedrooms homes went up by 50%, 5 bedrooms homes did not move. Over 0 listings were sold over their listed price in October 2022 in Islamorada, FL. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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