Is Belle Isle, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Isle is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Belle Isle has remained a Seller's Market.

Key Takeaway

Belle Isle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Belle Isle, FL

How much do homes in Belle Isle, FL cost?

Median Sold Price

$590,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,500(+3.8%)

Key Takeaway

Homes in Belle Isle have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Belle Isle was $590,000 in November 2024, up 3.8% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $731K$325K
-55.5%
3 $482K$496K
+2.9%
4 $601K$669K
+11.3%
5+ $800K$995K
+24.4%

Summary: Belle Isle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 24.4%.

Median Sold Price Compared To Nearby Cities

Orlando
+5.0%
Belle Isle
+3.8%

Housing Supply in Belle Isle, FL

How many homes are available in Belle Isle, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2937+27.6%

Summary: The Belle Isle real estate market had 37 homes for sale in November 2024, a 27.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1215
+25.0%
4 1317
+30.8%
5+ 34
+33.3%

Summary: The Belle Isle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belle Isle, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Belle Isle in November 2024, up by 800.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Belle Isle, FL

How long does it take to sell a home in Belle Isle, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days52 Days+0.8%

Summary: Homes in Belle Isle had an average of 52 days on market in Nov 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belle Isle are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in Belle Isle; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Belle Isle, FL

Nearby Markets to Belle Isle, FL

What housing markets are near Belle Isle, FL?