Is Key Largo, FL 33037 a buyer’s or seller’s market?
Key Largo is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #748 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Key Largo housing market right now
In the three months ending August 31, 2026, 1% of homes in Key Largo, FL 33037 sold above their list price, the typical home went under contract in 138 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 86 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold about as fast and the median sale price rose 4% to $919,602. Overall, Key Largo is about as competitive as it was a year ago.
Within Monroe County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in 62%. On our competition score, Key Largo ranks #748 of 796 FL ZIP codes with enough sales (score 4 out of 100).
Nearby, Marathon 33050 (6% sold over asking) is even more competitive.
Run the numbers for 33037
Nearby markets
Big Pine Key 33043Buyer’s market $651 /sq ftIslamorada 33036Buyer’s market $728 /sq ftKey Colony Beach 33051Seller’s market $663 /sq ftKey West 33040Buyer’s market $824 /sq ft Browse all markets →Towns like Key Largo nearby
Find towns like Key Largo in other states →Where Key Largo is
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Questions about Key Largo real estate
Is Key Largo a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Key Largo, FL 33037 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Key Largo?
The typical home went under contract in 138 days in the latest three months.
Do homes in Key Largo sell over asking?
1% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.
What are property taxes in Key Largo?
About 0.53% of a home’s value a year in Monroe County, or roughly $2,120 on a $400,000 home.
What is the median home price in Key Largo?
The median sale price was $919,602 in the three months ending August 31, 2026, about $582 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology