Is Downtown 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, Downtown Largo has remained a Seller's Market.
Key Takeaway
Downtown Largo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downtown Largo, FL
How much do homes in Downtown Largo, FL cost?
Median Sold Price
$354,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Largo have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Downtown Largo was $354,000 in April 2024, down 2.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.4K | $125K | -9.7% |
| 2 Bedrooms | $279.5K | $315K | +12.7% |
| 3 Bedrooms | $420K | $410K | -2.4% |
| 4 Bedrooms | $485K | $532.5K | +9.8% |
| 5+ Bedrooms | $425K | $488K | +14.8% |
Summary: Downtown Largo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Bel - Keene | $425K | $532.2K | +25.2% |
| Downtown Largo | $362.5K | $354K | -2.3% |
| Largo Central Park | $205K | $190K | -7.3% |
| East Bay Country Club | $350.4K | $320K | -8.7% |
Housing Supply in Downtown Largo, FL
How many homes are available in Downtown Largo, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 63 | -8.7% |
Summary: The Downtown Largo real estate market had 63 homes for sale in April 2024, a 8.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 35 | 33 | -5.7% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Largo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Largo, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Downtown Largo in April 2024, up by 6.3% month-over-month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for Downtown Largo, FL
How long does it take to sell a home in Downtown Largo, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 31 Days | +240.7% |
Summary: Homes in Downtown Largo had an average of 31 days on market in Apr 2024, up by 240.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Largo are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Downtown Largo; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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