Is Upper Keys, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper Keys is a buyer's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Upper Keys was a Seller's Market.

Key Takeaway

Upper Keys is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Upper Keys, FL cost?

Median Sold Price

$862,500

$644/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$2,500(+0.3%)

Key Takeaway

The sold price of homes in Upper Keys has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $350K$339K
-3.1%
2 $515K$684.5K
+32.9%
3 $827.5K$885K
+6.9%
4 $1.3M$1.6M
+22.2%
5+ $2.7M$2.0M
-27.9%

Median Sold Price Compared To Nearby Cities

Key Largo
+13.2%
Upper Keys
0.3%

How many homes are available in Upper Keys, FL?

Number of Homes For Sale

Nov 2022Dec 2022%
96105+9.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 56
+20.0%
2 1720
+17.6%
3 4444
0.0%
4 2325
+8.7%
5+ 710
+42.9%

Number of Homes Sold

Nov 2022Dec 2022%
57+40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper Keys, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
74 Days60 Days-19.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Upper Keys has remained consistent over time.

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

About Upper Keys, FL

Homes for sale in Upper Keys, FL have reached 105. The number of homes for sale in Upper Keys, FL increased by 9.4% between November 2022 and December 2022. In December 2022, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $862,500. Listing prices have changed in this real estate market between November 2022 and December 2022: the cost of 1 bedroom properties went down by 3.1%, prices of 2 bedrooms properties increased by 32.9%, 3 bedrooms properties became 6.9% more expensive, 4 bedrooms properties became 22.2% more expensive, 5 bedrooms properties became 27.9% more cheaper. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 20%, 2 bedrooms homes inventory increased by 17.6%, volume of 3 bedrooms homes stayed the same, the quantity of 4 bedrooms homes went up by 8.7%, 5 bedrooms homes inventory increased by 42.9%. Upper Keys, FL housing market in December 2022 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.

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