Key Largo, FL Housing Market
The Key Largo housing market is not very competitive. The median sale price of a home in Key Largo was $866K last month, down 10.7% since last year. The median sale price per square foot in Key Largo is $630, down 5.1% since last year.
Key Largo Housing Market Trends
In October 2024, Key Largo home prices were down 10.7% compared to last year, selling for a median price of $866K. On average, homes in Key Largo sell after 80 days on the market compared to 67 days last year. There were 16 homes sold in October this year, up from 15 last year.
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How hot is the Key Largo housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Multiple offers are rare.
- The average homes sell for about 6% below list price and go pending in around 147 days.
- Hot homescan sell for about 1% below list price and go pending in around 58 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 61 days.
- Hot homescan sell for around list price and go pending in around 32 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Multiple offers are rare.
- The average homes sell for about 6% below list price and go pending in around 146 days.
- Hot homescan sell for about 2% below list price and go pending in around 81 days.
Key Largo Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Key Largo from outside metros.
- New York homebuyers searched to move into Key Largo more than any other metro followed by San Francisco and Washington.
- 70% of Key Largo homebuyers searched to stay within the Key Largo metropolitan area.
- Cape Coral was the most popular destination among Key Largo homebuyers followed by Orlando and Jacksonville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Sep '24 - Nov '24 | ||
1 | 4,605 | ||
2 | 1,578 | ||
3 | 1,287 | ||
4 | 1,017 | ||
5 | 678 | ||
6 | 664 | ||
7 | 507 | ||
8 | 252 | ||
9 | 153 | ||
10 | 78 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Sep '24 - Nov '24 | ||
1 | 2,262 | ||
2 | 1,513 | ||
3 | 871 | ||
4 | 732 | ||
5 | 713 | ||
6 | 700 | ||
7 | 610 | ||
8 | 604 | ||
9 | 522 | ||
10 | 346 |
View houses in Key Largo that sold recently
Recently sold homes
- $410,000 Last Sold Price3 beds1 bath1,088 sq ft324 Mahogany Dr, Key Largo, FL 33037List Price$440,000Sale to List7% under listDays on Market317 days324 Mahogany Dr, Key Largo, FL 33037
- $875,000 Last Sold Price2 beds2 baths1,278 sq ft96000 Overseas Hwy Unit X52, Key Largo, FL 33037List Price$975,000Sale to List10% under listDays on Market159 days96000 Overseas Hwy Unit X52, Key Largo, FL 33037
- $214,000 Last Sold Price—beds—baths—sq ft236 Lignumvitae Dr, Key Largo, FL 33037List Price$240,000Sale to List11% under listDays on Market309 days236 Lignumvitae Dr, Key Largo, FL 33037
- $4,500,000 Last Sold Price5 beds5.5 baths4,957 sq ft46 S Bridge Ln, Ocean Reef, FL 33037List Price$4,500,000Sale to List0% over listDays on Market1121 days46 S Bridge Ln, Ocean Reef, FL 33037
- $3,325,000 Last Sold Price4 beds5 baths3,457 sq ft288 Saint Thomas Ave, Key Largo, FL 33037List Price$3,599,000Sale to List8% under listDays on Market188 days288 Saint Thomas Ave, Key Largo, FL 33037
- $882,000 Last Sold Price3 beds2 baths1,772 sq ft119 Gumbo Limbo Dr, Key Largo, FL 33037List Price$950,000Sale to List7% under listDays on Market44 days119 Gumbo Limbo Dr, Key Largo, FL 33037
- $140,000 Last Sold Price—beds—baths—sq ftPalm Dr, Key Largo, FL 33037List Price$159,000Sale to List12% under listDays on Market383 daysPalm Dr, Key Largo, FL 33037
- $140,000 Last Sold Price—beds—baths—sq ft0 Palm, Key Largo, FL 33037(305) 853-5982List Price$159,000Sale to List12% under listDays on Market355 days0 Palm, Key Largo, FL 33037
See all recently sold homes in Key Largo.
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Schools in Key Largo
- Elementary
- Middle
- High
GreatSchools Rating
4/10 Key Largo School Public • PreK-8 | 776 Students | 6 reviews |
Climate's impact on Key Largo housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Key Largo.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Extreme
Wind Factor
Wind likelihood over time
Heat Factor - Extreme
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