$10,000 Closing Credit*
$2,250,000
1,824 SqFt
3 Beds
•3 Full Baths
Israel Salabarria, Listing Office: IMS Consulting & Management
Is Islamorada, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Islamorada was a Buyer's Market.
Key Takeaway
Islamorada is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Islamorada, FL
How much do homes in Islamorada, FL cost?
Median Sold Price
$1,362,500
$879/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$715,000(+110.4%)
Key Takeaway
Homes in Islamorada have sold for 110.4% more than they did a month ago.
Summary: The median home sold price in Islamorada was $1,362,500 in October 2024, up 110.4% from last month, and the median price per square foot was $879.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $590K | $1.5M | +162.7% |
| 3 Bedrooms | $647.5K | $1.3M | +114.3% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Islamorada housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 162.7%, 3 bedroom homes increased by 114.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Islamorada, Village of Islands | $663.7K | $1.5M | +133.5% |
| Islamorada | $647.5K | $1.3M | +110.4% |
| Tavernier | $1.1M | $2.4M | +108.7% |
Housing Supply in Islamorada, FL
How many homes are available in Islamorada, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Islamorada real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Islamorada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 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 Islamorada, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Islamorada in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Islamorada, FL
How long does it take to sell a home in Islamorada, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 Days | 104 Days | +26.6% |
Summary: Homes in Islamorada had an average of 104 days on market in Oct 2024, up by 26.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Islamorada has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Islamorada; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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