$7,006 Closing Credit*
$590,000
1,308 SqFt
2 Beds
•2 Full Baths
Natalie Scott, Listing Office: COMPASS FLORIDA LLC
Is Paradise Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Paradise Island was a Neutral Market.
Key Takeaway
Paradise Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paradise Island, FL
How much do homes in Paradise Island, FL cost?
Median Sold Price
$615,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$50,500(-7.6%)
Key Takeaway
Homes in Paradise Island have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Paradise Island was $615,000 in December 2024, down 7.6% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $310K | -3.1% |
| 2 Bedrooms | $544.9K | $462.5K | -15.1% |
| 3 Bedrooms | $1.1M | $1.0M | -11.0% |
| 4 Bedrooms | $1.9M | $1.6M | -14.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Paradise Island housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.
Housing Supply in Paradise Island, FL
How many homes are available in Paradise Island, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The Paradise Island real estate market had 36 homes for sale in December 2024, a 7.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Paradise Island housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
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 Paradise Island, 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 Paradise Island in December 2024, down by 60.0% 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 Paradise Island, FL
How long does it take to sell a home in Paradise Island, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 62 Days | 33 Days | -46.0% |
Summary: Homes in Paradise Island had an average of 33 days on market in Dec 2024, down by 46% compared to last year.
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 Paradise Island has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Paradise Island; 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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