New Listing
8
$250,000
94825 Overseas Hwy Unit 67
Key Largo, FL 33037
0 ba
Land1,658 sqft lot
View photos & details
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Sarah Mitchell
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Compass Real Estate · Key Largo, FL
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Key Largo, FL(512) 555-0184TX License #0512847
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Key Largo, FL Housing Market & Real Estate
Buyer's market+57.5% YoY
Housing market overview · Updated monthly ·
$1.26Mmedian sale price
How is the Key Largo, FL housing market right now?
The median home sale price in Key Largo, FL is $1.26M, up 57.5% year-over-year. Homes sell in an average of 72 days with 201 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Key Largo a buyer's or seller's market?
Buyer's market9.6 months of supply72 avg. days on market
Key Largo, FL is currently a buyer's market, based on 9.6 months of supply and homes selling in about 72 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
72
Average pace
Active listings
201
9.6 months supply
Sale-to-list
95.4%
Below asking
What does the Key Largo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.26M |
| Median list price | $1.02M |
| Year-over-year price change | +57.5% |
| Average days on market | 72 days |
| Active inventory | 201 listings |
| Months of supply | 9.6 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $703/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 32 |
| Listings with a price cut | 27.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Key Largo by property type?
How the Key Largo, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.28M | $671/sq ft | 18 | 71 days |
| Condo / Co-op | $650,000 | $628/sq ft | 5 | 163 days |
| Townhouse | $855,000 | $831/sq ft | 3 | 464 days |
Source: Redfin · Updated monthly
The Key Largo housing market is currently classified as a buyer's market with a median sale price of $1.26M. Prices have risen 57.5% compared to last year, with homes spending an average of 72 days on market, indicating 9.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 13.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Key Largo
There are currently 201 homes listed for sale in Key Largo, Florida. The median listing price is $1.0M. Featured listings range from $250,000 to $22,775,000.
New Listing
39
$459,999
112 Tweedy Pie Ter
Key Largo, FL 33037
2 bd1 ba768 sqft$599/ft²
House3,600 sqft lot
Daimara Olano · D'Realty, Inc.
View photos & details
New Listing
29
$510,000
325 Calusa St Unit 55
Key Largo, FL 33037
2 bd2 ba1,000 sqft$510/ft²
Mobile home1,750 sqft lot
View photos & details
New Listing
28
$549,000
802 Largo Rd
Key Largo, FL 33037
2 bd2 ba720 sqft$763/ft²
Mobile home5,500 sqft lot
View photos & details
New Listing
15
$599,000
527 Plante St
Key Largo, FL 33037
2 bd1 ba1,152 sqft$520/ft²
House7,500 sqft lot
View photos & details
New Listing
73
$1,195,000
96000 Overseas Hwy Apt DD3
Key Largo, FL 33037
2 bd4 ba1,223 sqft$977/ft²
Condo
View photos & details
New Listing
101
$2,300,000
974 Shaw Dr
Key Largo, FL 33037
2 bd2 ba1,216 sqft$1891/ft²
House9,937 sqft lot
View photos & details
New Listing
27
$2,450,000
704 Grouper Ln
Key Largo, FL 33037
4 bd3 ba1,716 sqft$1428/ft²
House4,125 sqft lot
View photos & details
New Build
86
$4,799,000
21 Stillwright Way
Key Largo, FL 33037
4 bd4 ba3,325 sqft$1443/ft²
House5,730 sqft lot
Michaela Walters · Ocean Sothebys Intl Realty
View photos & details
New Listing
29
$6,575,000
42 Barracuda Ln
Key Largo, FL 33037
4 bd4 ba
Condo
Molly Taylor, Russell Post · Ocean Reef Club Sotheby's International Realty
View photos & details
New Listing
76
$6,900,000
308 Atlantic Blvd
Key Largo, FL 33037
4 bd3 ba2,414 sqft$2858/ft²
House15,066 sqft lot
View photos & details
New Build
3
$22,775,000
40 Cardinal Ln
Key Largo, FL 33037
5 bd7 ba
House
Molly Taylor, Russell Post · Ocean Reef Club Sotheby's International Realty
View photos & details
Looking to buy in Key Largo?
Get connected with a local real estate expert — free, no obligation.
Active listings
201
Homes on market
Median list price
$1.0M
Avg. days on market
72
Days until sale
New this week
32
Newly listed
Price drops:27.4%of listings
Sale-to-list:95.4%
Who lives in Key Largo?
Population
12,069
Median income
$78,906/yr
Median age
51.2 years
Owner-occupied
76.2%
College grads
37.6%
Avg commute
25.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Key Largo?
Zillow home value
$1.09M
Zillow rent index
$2,943/mo
Price-to-rent ratio
30.9x
Price-to-income
13.9x
Source: Zillow Research
What is it like to live in Key Largo?
Key Largo is a community of approximately 12K residents with a median age of 51.2 years.The median household income is $78,906, which reflects a relatively affluent area with strong earning potential. 37.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 76.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Key Largo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Key Largo?
2 schools tracked · 939 students
The largest public schools serving Key Largo, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
KEY LARGO SCHOOL
Grades PK-8 · 759 students
OCEAN STUDIES CHARTER
Grades K-8 · 180 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Key Largo, FL?
Want a head-to-head view? Compare Key Largo side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Key Largo?
Is Key Largo a good real estate investment market?
For investors evaluating Key Largo, the price-to-rent ratio of 30.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 57.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Key Largo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Key Largo's median home price.
Frequently asked questions
What is the average home price in Key Largo?
The median home sale price in Key Largo is $1.26M, up 57.5% from last year.
How long do homes stay on market in Key Largo?
Homes typically spend 72 days on market before going under contract.
What is the median income in Key Largo?
The median household income is $78,906 per year.
Is Key Largo a buyer's or seller's market?
With 9.6 months of supply, Key Largo is currently a buyer's market.
How many homes are for sale in Key Largo?
There are currently 201 homes listed for sale in Key Largo, FL.
What is the Zillow home value estimate for Key Largo?
The Zillow Home Value Index (ZHVI) for Key Largo is $1.09M, representing the typical home value in the area.
What is the median condo price in Key Largo?
The median condo/co-op sale price in Key Largo, FL is $650,000, compared to $1.28M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Key Largo?
The median single-family home price in Key Largo, FL is $1.28M (about $671 per square foot).
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