$10,000 Closing Credit*
$1,049,000
2,200 SqFt
3 Beds
•3 Full Baths
Lorie Leal, Listing Office: American Caribbean Real Estate
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 Last Month
Since last month, 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
$1,550,000
$930/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$886,250(+133.5%)
Key Takeaway
Homes in Islamorada, Village of Islands have sold for 133.5% more than they did a month ago.
Summary: The median home sold price in Islamorada, Village of Islands was $1,550,000 in October 2024, up 133.5% from last month, and the median price per square foot was $930.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $680K | $1.5M | +127.9% |
| 3 Bedrooms | $647.5K | $2.0M | +208.9% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Islamorada, Village of Islands 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 127.9%, 3 bedroom homes increased by 208.9%, 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, Village of Islands, FL
How many homes are available in Islamorada, Village of Islands, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Summary: The Islamorada, Village of Islands real estate market had 42 homes for sale in October 2024, a 2.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Islamorada, Village of Islands housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 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, Village of Islands, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Islamorada, Village of Islands in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 121 Days | 118 Days | -2.0% |
Summary: Homes in Islamorada, Village of Islands had an average of 118 days on market in Oct 2024, down by 2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Islamorada, Village of Islands are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Islamorada, Village of Islands; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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