Is Largo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $150K | -3.2% |
| 2 Bedrooms | $255K | $240K | -5.9% |
| 3 Bedrooms | $414.5K | $409.9K | -1.1% |
| 4 Bedrooms | $521.2K | $540K | +3.6% |
| 5+ Bedrooms | $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 | $322.5K | $317.8K | -1.5% |
| Belleair | $625K | $609K | -2.6% |
| Clearwater | $365.8K | $353.5K | -3.4% |
| Largo | $344.4K | $330.4K | -4.1% |
| Belleair Bluffs | $382K | $360K | -5.8% |
Housing Supply in Largo, FL
How many homes are available in Largo, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 718 | 813 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 55 | 70 | +27.3% |
| 2 Bedrooms | 337 | 377 | +11.9% |
| 3 Bedrooms | 227 | 248 | +9.3% |
| 4 Bedrooms | 78 | 95 | +21.8% |
| 5+ Bedrooms | 21 | 23 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 157 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 49 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
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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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