Is Largo, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Largo is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Largo has remained a Seller's Market.

Key Takeaway

Largo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Largo, FL

How much do homes in Largo, FL cost?

Median Sold Price

$330,444

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$14,003(-4.1%)

Key Takeaway

Homes in Largo have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Largo was $330,444 in March 2024, down 4.1% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $155K$150K
-3.2%
2 $255K$240K
-5.9%
3 $414.5K$409.9K
-1.1%
4 $521.2K$540K
+3.6%
5+ $720K$632.5K
-12.2%

Summary: Largo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 12.2%.

Median Sold Price Compared To Nearby Cities

Pinellas Park
-1.5%
Belleair
-2.6%
Clearwater
-3.4%
Largo
-4.1%
Belleair Bluffs
-5.8%

Housing Supply in Largo, FL

How many homes are available in Largo, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
718813+13.2%

Summary: The Largo real estate market had 813 homes for sale in March 2024, a 13.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 5570
+27.3%
2 337377
+11.9%
3 227248
+9.3%
4 7895
+21.8%
5+ 2123
+9.5%

Summary: The Largo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 9.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
104157+51.0%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Largo, you may be able to get a good deal. 67.5% of homes here sold below asking price last month.

Summary: A total of 157 homes were sold or pending in Largo in March 2024, up by 51.0% month-over-month. Of the 157 sold homes, 68% were sold under asking, 19% were sold at asking, and 13% were sold over asking.

Days on Market for Largo, FL

How long does it take to sell a home in Largo, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days49 Days+26.8%

Summary: Homes in Largo had an average of 49 days on market in Mar 2024, up by 26.8% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Largo are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 157 homes were sold in Largo; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Largo, FL

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