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Featured local agent — Islamorada, FL
Sarah Mitchell
Compass Real Estate · Islamorada, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Islamorada, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.43Mmedian sale price
How is the Islamorada, FL housing market right now?
The median home sale price in Islamorada, FL is $1.43M, up 11.1% year-over-year. Homes sell in an average of 127 days with 158 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Islamorada a buyer's or seller's market?
Islamorada, FL is currently a buyer's market, based on 5.6 months of supply and homes selling in about 127 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
127
Average pace
Active listings
158
5.6 months supply
Sale-to-list
92.8%
Below asking
What does the Islamorada housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.43M |
| Median list price | $1.18M |
| Year-over-year price change | +11.1% |
| Average days on market | 127 days |
| Active inventory | 158 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 92.8% |
| Median price per sq ft | $854/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 27 |
| Listings with a price cut | 26.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Islamorada by property type?
How the Islamorada, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.85M | $994/sq ft | 20 | 145 days |
| Condo / Co-op | $645,000 | $468/sq ft | 5 | 85 days |
| Townhouse | $1.17M | $767/sq ft | 2 | 348 days |
Source: Redfin · Updated monthly
The Islamorada housing market is currently classified as a buyer's market with a median sale price of $1.43M. Prices have risen 11.1% compared to last year, with homes spending an average of 127 days on market, indicating 5.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 12.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Islamorada
There are currently 158 homes listed for sale in Islamorada, Florida. The median listing price is $1.2M.
Active listings
158
Homes on market
Median list price
$1.2M
Avg. days on market
127
Days until sale
New this week
27
Newly listed
Who lives in Islamorada?
Population
7,042
Median income
$95,212/yr
Median age
55 years
Owner-occupied
81.5%
College grads
39.6%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Islamorada?
Zillow home value
$1.23M
Zillow rent index
$3,297/mo
Price-to-rent ratio
31.1x
Price-to-income
12.9x
Source: Zillow Research
What is it like to live in Islamorada?
Islamorada is a community of approximately 7K residents with a median age of 55 years.The median household income is $95,212, which reflects a relatively affluent area with strong earning potential. 39.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Islamorada offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Islamorada?
1 schools tracked · 195 students
The largest public schools serving Islamorada, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
TREASURE VILLAGE MONTESSORI CHARTER SCHOOL
Grades PK-8 · 195 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Islamorada, FL?
Want a head-to-head view? Compare Islamorada side-by-side with any other U.S. city using our market-comparison tool.
Is Islamorada a good real estate investment market?
For investors evaluating Islamorada, the price-to-rent ratio of 31.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 11.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Islamorada's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Islamorada's median home price.
Frequently asked questions
What is the average home price in Islamorada?
The median home sale price in Islamorada is $1.43M, up 11.1% from last year.
How long do homes stay on market in Islamorada?
Homes typically spend 127 days on market before going under contract.
What is the median income in Islamorada?
The median household income is $95,212 per year.
Is Islamorada a buyer's or seller's market?
With 5.6 months of supply, Islamorada is currently a buyer's market.
What is the Zillow home value estimate for Islamorada?
The Zillow Home Value Index (ZHVI) for Islamorada is $1.23M, representing the typical home value in the area.
What is the median condo price in Islamorada?
The median condo/co-op sale price in Islamorada, FL is $645,000, compared to $1.85M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Islamorada?
The median single-family home price in Islamorada, FL is $1.85M (about $994 per square foot).
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