$8,301 Closing Credit*
$699,000
826 SqFt
2 Beds
•2 Full Baths
Paula Barrera, Listing Office: BHHS EWM Realty
Is Upper Keys, 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, Upper Keys was a Seller's Market.
Key Takeaway
Upper Keys is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Keys, FL
How much do homes in Upper Keys, FL cost?
Median Sold Price
$1,085,000
$712/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$135,000(+14.2%)
Key Takeaway
Homes in Upper Keys have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Upper Keys was $1,085,000 in October 2024, up 14.2% from last year, and the median price per square foot was $712.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $530K | +41.3% |
| 2 Bedrooms | $665K | $655K | -1.5% |
| 3 Bedrooms | $990K | $1.1M | +11.1% |
| 4 Bedrooms | $2.0M | $1.7M | -17.1% |
| 5+ Bedrooms | $2.8M | $2.4M | -12.1% |
Summary: Upper Keys housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Upper Keys | $950K | $1.0M | +14.2% |
| Key Largo | $860K | $900K | +4.7% |
Housing Supply in Upper Keys, FL
How many homes are available in Upper Keys, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 149 | 160 | +7.4% |
Summary: The Upper Keys real estate market had 160 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 39 | 40 | +2.6% |
| 3 Bedrooms | 61 | 68 | +11.5% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Upper Keys housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
8 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 Upper Keys, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Upper Keys in October 2024, down by 20.0% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 111 Days | +68.7% |
Summary: Homes in Upper Keys had an average of 111 days on market in Oct 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Upper Keys are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Upper Keys; 0% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.
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