Is Key Largo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Key Largo was a Seller's Market.
Housing Prices in Key Largo, FL
How much do homes in Key Largo, FL cost?
Median Sold Price
$927,500
$662/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Key Largo was $927,500 in May 2024, up 19.7% from last year, and the median price per square foot was $662.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339K | $510K | +50.4% |
2 Bedrooms | $683.8K | $810K | +18.4% |
3 Bedrooms | $820K | $1.1M | +35.7% |
4 Bedrooms | $1.6M | $1.2M | -26.1% |
5+ Bedrooms | $2.0M | $2.3M | +15.0% |
Summary: Key Largo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.4%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Key Largo | $775K | $927.5K | +19.7% |
Upper Keys | $840K | $1.0M | +19.3% |
Tavernier | $1.0M | $1.1M | +7.1% |
Housing Supply in Key Largo, FL
How many homes are available in Key Largo, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 116 | +17.2% |
Summary: The Key Largo real estate market had 116 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 19 | 31 | +63.2% |
3 Bedrooms | 44 | 43 | -2.3% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Key Largo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 63.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Key Largo in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Key Largo, FL
How long does it take to sell a home in Key Largo, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 131 Days | +35.1% |
Summary: Homes in Key Largo had an average of 131 days on market in May 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Key Largo; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.