Monroe County, FL Home Values & Market Trends
The median home price in Monroe County, FL is $1,104,899.87. There were 2,333 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 $791,688.83. The number of current listings in Monroe County, FL is 959, and the percentage of properties for sale is 959.00%. The county has 102 foreclosures, 6 bank owned properties, 2 headed for auction, and 959 properties for sale.
Monroe County, FL Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Key Largo | $ 1,562,500 $ 933/sqft | Summerland Key | $ 1,199,450 $ 949/sqft |
| Marathon | $ 1,472,000 $ 841/sqft | Big Pine Key | $ 799,000 $ 751/sqft |
| Key West | $ 1,265,227 $ 1,036/sqft | Long Key | $ 4,552,151 $ 901/sqft |
| Tavernier | $ 1,193,500 $ 840/sqft | Key Colony Beach | $ -- $ -- |
| Islamorada | $ 1,633,030 $ 935/sqft |
Housing Market Summary for Monroe County, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.2M | $1M | -13.01% |
| Median Sold Price | $1M | $1M | 1.68% |
| Homes For Sale | 692 | 984 | 42.20% |
| Homes Sold | 1,392 | 1,252 | -10.06% |
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
Explore recent offers and recently sold homes in Monroe County, FL
Browse Homes in Monroe County, FL
Monroe County, FL home values range from $64,670 to $60,303,341. Islamorada is the priciest city with a median listing home price of $1,587,000, and Big Pine Key is most affordable with average house prices of around $770,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.22% of all residential properties in Monroe County, FL with Key West containing 35 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 $1,913,780 in Big Pine Key to the lowest home value of $141,543 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 $254,762 in Tavernier. Bank owned homes and properties account for 0.01% of properties in Monroe County, FL. There are 9 cities within Monroe County, FL; Key West containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsTavernier has 1 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 0.00% 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 $1,821,788 in Tavernier to the lowest value of $1,821,788 in Tavernier.
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More Real Estate Resources for Monroe County, FL
Guide for Monroe County, FL
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