Is Islamorada, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Islamorada was a Seller's Market.
Housing Prices in Islamorada, FL
How much do homes in Islamorada, FL cost?
Median Sold Price
$1,910,000
$906/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Islamorada was $1,910,000 in May 2024, down 6.8% from last year, and the median price per square foot was $906.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $540K | N/A |
2 Bedrooms | $637.5K | $580K | -9.0% |
3 Bedrooms | $2.2M | $1.6M | -29.5% |
4 Bedrooms | $2.3M | $2.5M | +7.4% |
5+ Bedrooms | $4.8M | $2.8M | -42.3% |
Summary: Islamorada housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 29.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 42.3%.
Median Sold Price Compared To Nearby Cities
Upper Keys | $840K | $1.0M | +19.3% |
Tavernier | $1.0M | $1.1M | +7.1% |
Islamorada, Village of Islands | $1.9M | $1.9M | 0.5% |
Islamorada | $2.0M | $1.9M | -6.8% |
Housing Supply in Islamorada, FL
How many homes are available in Islamorada, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 43 | +26.5% |
Summary: The Islamorada real estate market had 43 homes for sale in May 2024, a 26.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Islamorada housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Islamorada in May 2024, up by 100.0% month-over-month. Of the 1 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
May 2023 | May 2024 | CHANGE |
---|---|---|
146 Days | 15 Days | -89.8% |
Summary: Homes in Islamorada had an average of 15 days on market in May 2024, down by 89.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Islamorada; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.