$10,000 Closing Credit*
$1,000,000
2,024 SqFt
3 Beds
•3 Full Baths
Christy Lee Hughes, Listing Office: Coldwell Banker Schmitt Real E
Is Key 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, Key Largo was a Neutral Market.
Key Takeaway
Key Largo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Key Largo, FL
How much do homes in Key Largo, FL cost?
Median Sold Price
$900,000
$725/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+4.7%)
Key Takeaway
Homes in Key Largo have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Key Largo was $900,000 in October 2024, up 4.7% from last year, and the median price per square foot was $725.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357K | $530K | +48.5% |
| 2 Bedrooms | $692.9K | $740K | +6.8% |
| 3 Bedrooms | $945K | $1.1M | +16.4% |
| 4 Bedrooms | $1.6M | $1.6M | +1.1% |
| 5+ Bedrooms | $1.9M | $2.4M | +27.8% |
Summary: Key Largo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Upper Keys | $950K | $1.0M | +14.2% |
| Key Largo | $860K | $900K | +4.7% |
Housing Supply in Key Largo, FL
How many homes are available in Key Largo, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 113 | +8.7% |
Summary: The Key Largo real estate market had 113 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 46 | 50 | +8.7% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Key Largo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 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 Key Largo, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Key Largo in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 100 Days | +87.2% |
Summary: Homes in Key Largo had an average of 100 days on market in Oct 2024, up by 87.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Key Largo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Key Largo; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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