Is Normandy Isle, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Normandy Isle is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Normandy Isle was a Seller's Market.

Key Takeaway

Normandy Isle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Normandy Isle, FL

How much do homes in Normandy Isle, FL cost?

Median Sold Price

$330,000

$367/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$5,000(-1.5%)

Key Takeaway

Homes in Normandy Isle have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Normandy Isle was $330,000 in December 2024, down 1.5% from last year, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $255K$253.3K
-0.7%
2 $390K$360K
-7.7%
3 $1.0M$1.0M
-2.8%
4 $1.1M$1.2M
+13.6%
5+ $5.2M$1.1M
-79.0%

Summary: Normandy Isle housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 79%.

Housing Supply in Normandy Isle, FL

How many homes are available in Normandy Isle, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6680+21.2%

Summary: The Normandy Isle real estate market had 80 homes for sale in December 2024, a 21.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 2733
+22.2%
2 2124
+14.3%
3 1013
+30.0%
4 67
+16.7%
5+ 23
+50.0%

Summary: The Normandy Isle housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
71-85.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Normandy Isle, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Normandy Isle in December 2024, down by 85.7% 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 Normandy Isle, FL

How long does it take to sell a home in Normandy Isle, FL?

Average Sale Time

Dec 2023Dec 2024CHANGE
105 Days287 Days+171.4%

Summary: Homes in Normandy Isle had an average of 287 days on market in Dec 2024, up by 171.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Normandy Isle are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in Normandy Isle; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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