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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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
Buyer's market+2.3% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Key Largo, FL is worth $1.09M, rose 2.3% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $1.26M, +57.5% year over year (through May 2026). With 9.6 months of supply and homes going under contract in about 72 days, Key Largo is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $1.09M home is about $5,615/mo in principal and interest.
Key numbers for Key Largo, FL
Typical home value
$1.09M
+2.3% in 12 months
Zillow, July 2026
Typical asking rent
$3,233/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$1.26M
+57.5% year over year
Redfin, through May 2026
Days on market
72
Slow-moving
Redfin, through May 2026
Active listings
201
9.6 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$78,906
Home costs 13.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Key Largo a buyer's or seller's market?
Buyer's market9.6 months of supply72 days on market95.4% of asking
Key Largo, FL is a buyer's market, based on 9.6 months of supply and homes selling in about 72 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Key Largo housing market data show?
Every row below is Redfin's final published month for Key Largo, FL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $1.26M |
| Median list price | $1.02M |
| Year-over-year price change | +57.5% |
| Median price per sq ft | $703/sq ft |
| Median days on market | 72 days |
| Active inventory | 201 listings |
| Months of supply | 9.6 months |
| Sale-to-list price ratio | 95.4% |
| Homes sold (that month) | 21 |
| New listings (that month) | 32 |
| Listings with a price cut | 27.4% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Key Largo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Key Largo is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Key Largo home prices moved?
Over the last three years the median sale price in Key Largo, FL rose 13.5%, from $1.11M to $1.26M. The live Zillow value series has rose 2.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.4% of Key Largo listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 9.6 months while the sale-to-list ratio slips below its current 95.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Key Largo?
Priced off the typical home value of $1.09M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $218,431 | $873,724 | $5,615/mo |
| 5% | $54,608 | $1.04M | $6,668/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $5,615, that implies roughly $240,634 a year before you add taxes and insurance. The median household in Key Largo earns $78,906, about $161,728 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 13.8x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Key Largo in the next 12 months?
Tell us your timeline. We send the Key Largo market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Key Largo?
Typical asking rent in Key Largo, FL is $3,233/mo, against a typical home value of $1.09M. That is a price-to-rent ratio of 28.2x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $5,615 a month — $2,382 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Key Largo?
Active listings in Key Largo, FL went from 234 in May 2025 to 201 in May 2026, a -14.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 228 | 41 |
| July 2025 | 217 | 27 |
| August 2025 | 203 | 26 |
| September 2025 | 206 | 32 |
| October 2025 | 204 | 42 |
| November 2025 | 207 | 28 |
| December 2025 | 203 | 32 |
| January 2026 | 218 | 49 |
| February 2026 | 215 | 33 |
| March 2026 | 206 | 48 |
| April 2026 | 204 | 38 |
| May 2026 | 201 | 32 |
Redfin, through May 2026
How does Key Largo compare to Florida and the U.S.?
Key Largo homes sell for $1.26M — 199% above the Florida median of $421,500. Against the national median of $410,700, Key Largo runs 207% higher. Year-over-year, Key Largo moved +57.5% against Florida's +2.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Key Largo, FL | $1.26M | +57.5% | 72 days |
| Florida statewide | $421,500 | +2.6% | 66 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Key Largo
What buyers should watch
- Months of supply, currently 9.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.4%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,053 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $1.09M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Key Largo listing goes under contract in 72 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Key Largo added 32 new listings against 21 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Key Largo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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?
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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%
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. Redfin, through May 2026
| 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 |
Who lives in Key Largo?
American Community Survey estimates for Key Largo. U.S. Census ACS, 2023
Population
12,069
Households
5,044
Median income
$78,906/yr
Median age
51.2 years
Owner-occupied
76.2%
Median home value
$626,300
Median gross rent
$1,889/mo
Mean commute
25.4 min
76.2% of occupied homes in Key Largo are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $626,300 against Zillow's $1.09M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,889/mo, below Zillow's $3,233/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Key Largo, not by size. Compare Key Largo side by side with any of them.
Which ZIP codes are in Key Largo?
These are the ZIP codes we see on active Key Largo listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Key Largo housing market FAQ
Is Key Largo a buyer's or seller's market?
Key Largo, FL is currently a buyer's market. That read comes from 9.6 months of supply, homes going under contract in about 72 days, and sellers getting 95.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Key Largo?
The typical home in Key Largo, FL is worth $1.09M (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $1.26M, about $703 per square foot.
Is Key Largo cheaper than the rest of Florida?
Key Largo's median sale price of $1.26M is 199% higher than the Florida statewide median of $421,500, and 207% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Key Largo?
Homes in Key Largo, FL spent a median of 72 days on market before going under contract, versus 66 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Key Largo?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.09M home is about $5,615 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $240,634 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $78,906.
Are home prices rising in Key Largo?
The typical home value in Key Largo, FL rose 2.3% over the last 12 months, from $1.07M to $1.09M (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Key Largo?
Key Largo ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Key Largo?
That depends on your timeline, not on a headline. What the data says today: Key Largo, FL is a buyer's market with 9.6 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 28.2x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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