Is Key Largo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Key Largo has remained a Buyer's Market.
Housing Prices in Key Largo, FL
How much do homes in Key Largo, FL cost?
Median Sold Price
$1,061,250
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Key Largo was $1,061,250 in April 2024, up 39.6% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339K | $510K | +50.4% |
2 Bedrooms | $622.5K | $810K | +30.1% |
3 Bedrooms | $828K | $1.1M | +35.9% |
4 Bedrooms | $1.1M | $1.7M | +57.0% |
5+ Bedrooms | $2.0M | $2.6M | +30.0% |
Summary: Key Largo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.4%, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 35.9%, 4 bedroom homes increased by 57%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
Key Largo | $760K | $1.0M | +39.6% |
Upper Keys | $824K | $1.1M | +33.5% |
Housing Supply in Key Largo, FL
How many homes are available in Key Largo, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 110 | +11.1% |
Summary: The Key Largo real estate market had 110 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 26 | 22 | -15.4% |
3 Bedrooms | 43 | 53 | +23.3% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Key Largo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Key Largo in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Key Largo, FL
How long does it take to sell a home in Key Largo, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 58 Days | -31.3% |
Summary: Homes in Key Largo had an average of 58 days on market in Apr 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Key Largo; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.