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 Neutral Market.

Key Takeaway

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

Housing Prices in Islamorada, FL

How much do homes in Islamorada, FL cost?

Median Sold Price

$625,000

-

Based on all homes sold in February 2024.

Difference Since Last Month

+$75,500(+13.7%)

Key Takeaway

Homes in Islamorada have sold for 13.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 $710K-
N/A
2 $389K$625K
+60.7%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Islamorada housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Islamorada, FL

How many homes are available in Islamorada, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1437+164.3%

Summary: The Islamorada real estate market had 37 homes for sale in February 2024, a 164.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 425
+525.0%
4 34
+33.3%
5+ 46
+50.0%

Summary: The Islamorada housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 525%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Islamorada, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Islamorada in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Islamorada, FL

How long does it take to sell a home in Islamorada, FL?

Average Sale Time

Jan 2024Feb 2024CHANGE
73 Days3 Days-95.9%

Summary: Homes in Islamorada had an average of 3 days on market in Feb 2024, down by 95.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Islamorada; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Islamorada, FL

Nearby Markets to Islamorada, FL

What housing markets are near Islamorada, FL?