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 May 2022
At the same time last year, Islamorada, Village of Islands was a Seller's Market.
Key Takeaway
Islamorada, Village of Islands is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in Islamorada, Village of Islands, FL cost?
Median Sold Price
$1,925,000
$1,051/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Key Takeaway
Homes in Islamorada, Village of Islands have sold for 42.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $440K | - | N/A |
| 2 Bedrooms | $702.4K | $855K | +21.7% |
| 3 Bedrooms | $1.8M | $2.0M | +8.8% |
| 4 Bedrooms | $1.6M | $2.0M | +22.0% |
| 5+ Bedrooms | $8.8M | $4.8M | -44.9% |
Median Sold Price Compared To Nearby Cities
| Islamorada, Village of Islands | $1.3M | $1.9M | +42.6% |
| Tavernier | $820K | $1.0M | +32.6% |
| Islamorada | $1.8M | $2.0M | +15.6% |
| Upper Keys | $875K | $825K | -5.7% |
How many homes are available in Islamorada, Village of Islands, FL?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 36 | 38 | +5.6% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Islamorada, Village of Islands, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
How long does it take to sell a home in Islamorada, Village of Islands, FL?
How long does it take to sell a home in Islamorada, Village of Islands, FL?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 67 Days | 115 Days | +70.9% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Islamorada, Village of Islands are taking a long time to sell, it's a good idea to negotiate on homes here.
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