Is Middle Keys, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Middle Keys has remained a Buyer's Market.
Key Takeaway
Middle Keys is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Middle Keys, FL
How much do homes in Middle Keys, FL cost?
Median Sold Price
$769,000
$754/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Middle Keys have sold for 19.2% more than they did a month ago.
Summary: The median home sold price in Middle Keys was $769,000 in May 2024, up 19.2% from last month, and the median price per square foot was $754.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $790K | $720K | -8.9% |
| 3 Bedrooms | $432.9K | $1.3M | +217.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Middle Keys housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 217.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Key Colony Beach | $611.4K | $1.2M | +97.9% |
| Middle Keys | $645K | $769K | +19.2% |
Housing Supply in Middle Keys, FL
How many homes are available in Middle Keys, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The Middle Keys real estate market had 52 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Middle Keys housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Keys, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Middle Keys in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Middle Keys, FL
How long does it take to sell a home in Middle Keys, FL?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 112 Days | +286.2% |
Summary: Homes in Middle Keys had an average of 112 days on market in May 2024, up by 286.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middle Keys has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Middle Keys; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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