Is Upper Keys, 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, Upper Keys was a Seller's Market.
Housing Prices in Upper Keys, FL
How much do homes in Upper Keys, FL cost?
Median Sold Price
$1,002,500
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper Keys was $1,002,500 in May 2024, up 19.3% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339K | $439K | +29.5% |
2 Bedrooms | $660.6K | $629K | -4.8% |
3 Bedrooms | $865K | $1.1M | +33.8% |
4 Bedrooms | $1.9M | $2.4M | +28.9% |
5+ Bedrooms | $3.6M | $2.4M | -31.9% |
Summary: Upper Keys housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 33.8%, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes decreased by 31.9%.
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% |
Islamorada, Village of Islands | $1.9M | $1.9M | 0.5% |
Housing Supply in Upper Keys, FL
How many homes are available in Upper Keys, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
165 | 198 | +20.0% |
Summary: The Upper Keys real estate market had 198 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 26 | 44 | +69.2% |
3 Bedrooms | 76 | 80 | +5.3% |
4 Bedrooms | 34 | 38 | +11.8% |
5+ Bedrooms | 23 | 31 | +34.8% |
Summary: The Upper Keys housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 69.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 34.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Upper Keys in May 2024, down by 43.8% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Upper Keys, FL
How long does it take to sell a home in Upper Keys, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 91 Days | -6.6% |
Summary: Homes in Upper Keys had an average of 91 days on market in May 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
5 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, 9 homes were sold in Upper Keys; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.