$4,738 Closing Credit*
$399,000
2,327 SqFt
4 Beds
•4 Baths
Anna Engle, Listing Office: HOME LOCATORS INC.
Is Downtown Largo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Downtown Largo was a Seller's Market.
Key Takeaway
Downtown Largo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Downtown Largo, FL
How much do homes in Downtown Largo, FL cost?
Median Sold Price
$350,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-1.1%)
Key Takeaway
Homes in Downtown Largo have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Downtown Largo was $350,000 in October 2024, down 1.1% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $117.5K | -6.0% |
| 2 Bedrooms | $308K | $307K | -0.3% |
| 3 Bedrooms | $415K | $405K | -2.4% |
| 4 Bedrooms | $485K | $486K | 0.2% |
| 5+ Bedrooms | $488K | - | N/A |
Summary: Downtown Largo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Largo | $354K | $350K | -1.1% |
| East Bay Country Club | $334K | $310K | -7.2% |
Housing Supply in Downtown Largo, FL
How many homes are available in Downtown Largo, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The Downtown Largo real estate market had 56 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Downtown Largo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Largo, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Downtown Largo in October 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Downtown Largo, FL
How long does it take to sell a home in Downtown Largo, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +147.6% |
Summary: Homes in Downtown Largo had an average of 28 days on market in Oct 2024, up by 147.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Largo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Downtown Largo; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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