$10,000 Closing Credit*
$1,895,000
1,804 SqFt
3 Beds
•3 Full Baths
Raul Hernandez, Listing Office: Phantom Real Estate
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
Since last month, Islamorada has remained a Buyer's Market.
Key Takeaway
Islamorada is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Islamorada, FL
How much do homes in Islamorada, FL cost?
Median Sold Price
$2,100,000
$1,310/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$737,500(+54.1%)
Key Takeaway
Homes in Islamorada have sold for 54.1% more than they did a month ago.
Summary: The median home sold price in Islamorada was $2,100,000 in November 2024, up 54.1% from last month, and the median price per square foot was $1,310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.5M | $2.6M | +67.7% |
| 3 Bedrooms | $1.3M | $1.6M | +15.3% |
| 4 Bedrooms | $1.1M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Islamorada housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 67.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Islamorada | $1.3M | $2.1M | +54.1% |
| Islamorada, Village of Islands | $1.5M | $2.1M | +35.5% |
| Upper Keys | $1.5M | $899K | -42.0% |
Housing Supply in Islamorada, FL
How many homes are available in Islamorada, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Islamorada real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Islamorada 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 18.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in Islamorada in November 2024, down by 50.0% month-over-month. Of the 2 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 43 Days | -58.3% |
Summary: Homes in Islamorada had an average of 43 days on market in Nov 2024, down by 58.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Islamorada has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Islamorada; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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