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Cheap Homes in Islamorada, FL

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Islamorada, FL Foreclosures

Current Market Conditions in in Islamorada, FL As of January 2026?
Over the past month, the real estate market in Islamorada has continued to show strong activity, with several neighborhoods seeing an increase in listing prices due to high demand. Properties are being sold faster compared to previous months, indicating that buyers are eager to invest in this desirable location. The competitive nature of the market means that new listings are receiving multiple offers, which drives prices upward.
How much do homes sell for in Islamorada, FL?
The average home price is currently $2,060,122.
What’s the average rental cost in Islamorada, FL?
The average rental price in Islamorada is $3,167.
What is the most expensive home in Islamorada?
The most expensive home sold in Islamorada had a price of $78,316,508.
What is currently the cheapest priced home in Islamorada, FL?
The cheapest home for sale in Islamorada is priced at $49,054.

Living in Islamorada, FL

Islamorada is a picturesque village in the Florida Keys known for its stunning ocean views and vibrant marine life. It offers a relaxed lifestyle with numerous outdoor activities such as fishing, diving, and kayaking. The local community is enriched with various dining options, arts, and culture, making it an attractive destination for both residents and tourists.

Buyer vs Seller Market in Islamorada, FL

The real estate market in Islamorada is characterized by rising demand, particularly for waterfront properties. Recent trends indicate a steady appreciation in home values, driven by increased interest from both second-home buyers and those looking for year-round residences. As a prime location in the Florida Keys, properties tend to sell quickly, often above the asking price in a competitive bidding environment.

Current market conditions show a tightening inventory, with fewer homes available for sale than in previous years. This scarcity has led to a surge in home prices, reflecting a healthy competitive market. Buyers should be prepared for potential bidding wars and may need to act quickly to secure a property.

Home Value Estimator For Islamorada, FL

There are currently 2,807 real estate properties in Islamorada, FL, with a median automated valuation model (AVM) price of $1,557,902.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Islamorada, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Islamorada, FL, is $2,060,122.00, with the most expensive house in Islamorada, FL, topping out at $78,316,508.00 and the cheapest home in Islamorada, FL, clocking in at $49,054.00. In other words, there’s something for every potential homebuyer or savvy investor in Islamorada, FL!

Rent Prices In Islamorada, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Islamorada, FL, is on a rollercoaster ride. The average rent price in Islamorada, FL, is $3,167.00. Indeed, when looking to rent in Islamorada, FL, you can expect to pay as little as $1,100.00 or as much as $4,620.00, with the average rent median estimated to be $3,230.00. The good news is that finding an affordable and desirable property to rent in Islamorada, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Islamorada, FL


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