$10,000 Closing Credit*
$2,390,000
2,237 SqFt
3 Beds
•2 Full Baths
Patricia De la Torre, Listing Office: Waterfront Realty Group Inc
Is Key Largo, 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, Key Largo has remained a Buyer's 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
$850,000
$678/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$450,000(-34.6%)
Key Takeaway
Homes in Key Largo have sold for 34.6% less than they did a month ago.
Summary: The median home sold price in Key Largo was $850,000 in November 2024, down 34.6% from last month, and the median price per square foot was $678.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $809K | $850K | +5.1% |
| 3 Bedrooms | $1.7M | $1.4M | -15.7% |
| 4 Bedrooms | $1.7M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Key Largo housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Key Largo | $1.3M | $850K | -34.6% |
| Upper Keys | $1.5M | $899K | -42.0% |
Housing Supply in Key Largo, FL
How many homes are available in Key Largo, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 110 | +4.8% |
Summary: The Key Largo real estate market had 110 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 49 | 51 | +4.1% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Key Largo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Key Largo in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 130 Days | +51.8% |
Summary: Homes in Key Largo had an average of 130 days on market in Nov 2024, up by 51.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 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 November 2024, 5 homes were sold in Key Largo; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.
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