Is Upper Keys, 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, Upper Keys has remained a Buyer's Market.
Housing Prices in Upper Keys, FL
How much do homes in Upper Keys, FL cost?
Median Sold Price
$1,100,000
$708/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper Keys was $1,100,000 in April 2024, up 33.5% from last year, and the median price per square foot was $708.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339K | $439K | +29.5% |
2 Bedrooms | $627.5K | $629.5K | 0.3% |
3 Bedrooms | $868.5K | $1.1M | +31.3% |
4 Bedrooms | $1.6M | $2.4M | +49.2% |
5+ Bedrooms | $2.8M | $2.6M | -6.4% |
Summary: Upper Keys housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes decreased by 6.4%.
Median Sold Price Compared To Nearby Cities
Key Largo | $760K | $1.0M | +39.6% |
Upper Keys | $824K | $1.1M | +33.5% |
Islamorada, Village of Islands | $1.8M | $1.9M | +6.1% |
Housing Supply in Upper Keys, FL
How many homes are available in Upper Keys, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 178 | +11.9% |
Summary: The Upper Keys real estate market had 178 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 33 | 29 | -12.1% |
3 Bedrooms | 69 | 85 | +23.2% |
4 Bedrooms | 28 | 34 | +21.4% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Upper Keys housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Upper Keys in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Upper Keys, FL
How long does it take to sell a home in Upper Keys, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 71 Days | -10.7% |
Summary: Homes in Upper Keys had an average of 71 days on market in Apr 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Upper Keys; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.