Is Las Olas Isles, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Las Olas Isles has remained a Buyer's Market.
Key Takeaway
Las Olas Isles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Las Olas Isles, FL
How much do homes in Las Olas Isles, FL cost?
Median Sold Price
$2,349,000
$786/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Las Olas Isles have sold for 40.2% more than they did a year ago.
Summary: The median home sold price in Las Olas Isles was $2,349,000 in April 2024, up 40.2% from last year, and the median price per square foot was $786.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437.5K | $230K | -47.4% |
| 2 Bedrooms | $485K | $610K | +25.8% |
| 3 Bedrooms | $1.8M | $2.3M | +27.6% |
| 4 Bedrooms | $2.4M | $3.1M | +26.5% |
| 5+ Bedrooms | $4.2M | $6.5M | +52.0% |
Summary: Las Olas Isles housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 52%.
Housing Supply in Las Olas Isles, FL
How many homes are available in Las Olas Isles, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 50 | +16.3% |
Summary: The Las Olas Isles real estate market had 50 homes for sale in April 2024, a 16.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Las Olas Isles housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Las Olas Isles, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Las Olas Isles in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Las Olas Isles, FL
How long does it take to sell a home in Las Olas Isles, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 177 Days | +2120.0% |
Summary: Homes in Las Olas Isles had an average of 177 days on market in Apr 2024, up by 2120% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Las Olas Isles are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Las Olas Isles; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.