Islamorada, FL housing market

The median sale price in Islamorada, FL was $1.43M in May 2026, up 11.1% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.25M, easing from $1.38M across the three months before that. That puts prices 34.4% below the strongest three-month stretch on record here, which ended in Jul 2023 at $1.9M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $1.24M for Jun 2026, up 2.9% year over year.

Buyers had 158 homes to choose from in May 2026, down 7.6% year over year (Redfin). At the current sales pace that standing inventory works out to 5.6 months of supply; convention treats four to six months as a balanced market, which puts Islamorada, FL squarely inside it. 27 homes came to market in May 2026, down 10.0% year over year, against 28 closings, up 7.7% year over year. Homes that sold in May 2026 took a median of 127 days to go under contract, 56 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 0.0% settled above asking, and the average sale landed at 93% of its final list price. 27% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Islamorada, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.