$3,741 Closing Credit*
$315,000
760 SqFt
1 Bed
•1 Full Bath
Holly Sargent PA, Listing Office: RE/MAX FIRST
Is Las Olas Isles, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Las Olas Isles has remained a Buyer's Market.
Key Takeaway
Las Olas Isles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Las Olas Isles, FL
How much do homes in Las Olas Isles, FL cost?
Median Sold Price
$2,122,500
$711/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,117,500(+111.2%)
Key Takeaway
Homes in Las Olas Isles have sold for 111.2% more than they did a year ago.
Summary: The median home sold price in Las Olas Isles was $2,122,500 in October 2024, up 111.2% from last year, and the median price per square foot was $711.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $350K | -17.6% |
| 2 Bedrooms | $665K | $525K | -21.1% |
| 3 Bedrooms | $2.2M | $2.1M | -3.5% |
| 4 Bedrooms | $2.7M | $3.1M | +13.8% |
| 5+ Bedrooms | $3.2M | $7.5M | +129.9% |
Summary: Las Olas Isles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 129.9%.
Housing Supply in Las Olas Isles, FL
How many homes are available in Las Olas Isles, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Summary: The Las Olas Isles real estate market had 50 homes for sale in October 2024, a 19.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The Las Olas Isles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Las Olas Isles, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Las Olas Isles in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Las Olas Isles, FL
How long does it take to sell a home in Las Olas Isles, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 103 Days | +17.0% |
Summary: Homes in Las Olas Isles had an average of 103 days on market in Oct 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Las Olas Isles are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Las Olas Isles; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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