Is Normandy Isle, 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, Normandy Isle was a Neutral Market.
Key Takeaway
Normandy Isle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Normandy Isle, FL
How much do homes in Normandy Isle, FL cost?
Median Sold Price
$338,888
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Normandy Isle have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Normandy Isle was $338,888 in March 2024, up 14.9% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246K | $260K | +5.7% |
| 2 Bedrooms | $355K | $400K | +12.7% |
| 3 Bedrooms | $990K | $900K | -9.1% |
| 4 Bedrooms | $987.5K | $1.1M | +11.4% |
| 5+ Bedrooms | $2.2M | $3.5M | +52.3% |
Summary: Normandy Isle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 52.3%.
Housing Supply in Normandy Isle, FL
How many homes are available in Normandy Isle, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 77 | +10.0% |
Summary: The Normandy Isle real estate market had 77 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 34 | +9.7% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Normandy Isle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Normandy Isle, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Normandy Isle in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Normandy Isle, FL
How long does it take to sell a home in Normandy Isle, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 118 Days | 49 Days | -58.6% |
Summary: Homes in Normandy Isle had an average of 49 days on market in Mar 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Normandy Isle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Normandy Isle; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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