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 April 2023
Since last year, Islamorada, Village of Islands has remained a Buyer's Market.
Key Takeaway
Islamorada, Village of Islands is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
$830/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Islamorada, Village of Islands have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Islamorada, Village of Islands was $1,910,000 in April 2024, up 6.1% from last year, and the median price per square foot was $830.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $400K | N/A |
| 2 Bedrooms | $649K | $602.5K | -7.2% |
| 3 Bedrooms | $2.0M | $1.6M | -20.0% |
| 4 Bedrooms | $1.9M | $2.4M | +30.3% |
| 5+ Bedrooms | $4.8M | $2.8M | -42.3% |
Summary: Islamorada, Village of Islands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 42.3%.
Median Sold Price Compared To Nearby Cities
| Upper Keys | $824K | $1.1M | +33.5% |
| 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 58 | +18.4% |
Summary: The Islamorada, Village of Islands real estate market had 58 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 26 | 31 | +19.2% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Islamorada, Village of Islands 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 100%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Islamorada, Village of Islands in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 66 Days | +7.7% |
Summary: Homes in Islamorada, Village of Islands had an average of 66 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Islamorada, Village of Islands has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Islamorada, Village of Islands; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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