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 March 2023
At the same time last year, Islamorada, Village of Islands was a Seller'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
$906/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Islamorada, Village of Islands was $1,910,000 in March 2024, up 6.1% from last year, and the median price per square foot was $906.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $540K | N/A |
2 Bedrooms | $643.2K | $602.5K | -6.3% |
3 Bedrooms | $2.0M | $1.5M | -25.5% |
4 Bedrooms | $1.9M | $2.4M | +28.9% |
5+ Bedrooms | $6.4M | $3.1M | -51.6% |
Summary: Islamorada, Village of Islands 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 decreased by 6.3%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes decreased by 51.6%.
Median Sold Price Compared To Nearby Cities
Upper Keys | $800K | $1.0M | +31.3% |
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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 50 | +4.2% |
Summary: The Islamorada, Village of Islands real estate market had 50 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Islamorada, Village of Islands housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Islamorada, Village of Islands in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
111 Days | 156 Days | +40.1% |
Summary: Homes in Islamorada, Village of Islands had an average of 156 days on market in Mar 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Islamorada, Village of Islands; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.