Monroe County, FL Home Values & Market Trends
The median home price in Monroe County, FL is $1,082,557.14. There were 2,379 home sales in Monroe County, FL over the past 12 months. The median residential Monroe County, FL home value for transactions over the previous year is $804,242.548. The number of current listings in Monroe County, FL is 993, and the percentage of properties for sale is 993.00%. The county has 19 foreclosures, 8 bank owned properties, 4 headed for auction, and 993 properties for sale.
Monroe County, FL Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Key Largo | $ 1,645,241 $ 917/sqft | Summerland Key | $ 1,290,997 $ 883/sqft |
Marathon | $ 1,290,000 $ 844/sqft | Big Pine Key | $ 914,500 $ 856/sqft |
Key West | $ 1,275,807 $ 953/sqft | Long Key | $ 4,461,431 $ 883/sqft |
Tavernier | $ 1,193,500 $ 812/sqft | Key Colony Beach | $ -- $ -- |
Islamorada | $ 1,804,749 $ 1,002/sqft |
Housing Market Summary for Monroe County, FL
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.2M | $1M | -13.69% |
Median Sold Price | $978.8K | $1M | 5.66% |
Homes For Sale | 717 | 988 | 37.80% |
Homes Sold | 1,395 | 1,242 | -10.97% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Monroe County, FL
Monroe County, FL home values range from $89,487 to $36,852,361. Islamorada is the priciest city with a median listing home price of $1,753,500, and Long Key is most affordable with average house prices of around $639,450.
- Pre-ForeclosurePre-foreclosure homes account for 0.02% of all residential properties in Monroe County, FL with Key West containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 9 cities within Monroe County, FL; of those cities, the estimated home value for pre-foreclosure homes ranges from $990,030 in Marathon to the lowest home value of $685,496 in Key West.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Monroe County, FL ranges from the highest value of $793,100 in Key Largo to the lowest value of $217,133 in Key West. Bank owned homes and properties account for 0.02% of properties in Monroe County, FL. There are 9 cities within Monroe County, FL; Key West containing 4 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsKey West has 3 auction properties, the highest number of properties going to auction in a single city in the state of Monroe County, FL. Auction homes and other auction properties account for 0.01% of all properties in Monroe County, FL. There are 9 cities within Monroe County, FL; of those cities, the median estimated home value for homes going to auction ranges from $1,677,345 in Tavernier to the lowest value of $1,180,192 in Tavernier.
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Guide for Monroe County, FL
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