Key Largo’s single-family and condo markets moved in different directions this August. Single-family inventory kept shrinking while pending contracts kept climbing, a tight market by most measures. Condo activity was too quiet to draw much from. All figures below compare August 2026 directly to August 2025.
August 2026 Key Takeaway: Key Largo single-family active inventory fell 13% year over year while pending inventory jumped 26%, a shrinking pool of homes absorbing a growing pipeline of contracts. Condo activity was too thin to read the same way, just 4 closings for the month.
Single-Family Homes: August 2026 vs. August 2025
Fewer homes are on the market than a year ago, and buyers are keeping pace, pending contracts are up 26% while active listings are down 13%. Closed sales rose too. Median price came in 8.5% below last August, on 16 closed sales, worth a mention but not a headline.
| Metric | August 2026 | 12-Month Change (vs. Aug 2025) |
| Active Inventory | 181 | ▼ -13% |
| Pending Inventory | 29 | ▲ +26% |
| Closed Sales | 16 | ▲ +6.7% |
| New Listings | 28 | ▼ -6.7% |
| New Pending Sales | 20 | ▼ -9.1% |
| Median Sale Price | $762,500 | ▼ -8.5% |
Condo/Townhouse: August 2026 vs. August 2025
Only 4 condos closed in Key Largo this August, so treat these numbers as a snapshot rather than a trend.
| Metric | August 2026 | 12-Month Change (vs. Aug 2025) |
| Active Inventory | 35 | ▼ -2.8% |
| Pending Inventory | 8 | ▲ +100% |
| Closed Sales | 4 | ▼ -56% |
| New Listings | 1 | ▼ -75% |
| New Pending Sales | 3 | ▼ -40% |
| Median Sale Price | $750,000 | ▼ -26% |
A Word to Buyers
Single-family supply is tight and getting tighter. If you're shopping this segment, don't wait on more listings to show up.
Browse current Key Largo homes for sale to see what is actually on the market today.
A Word to Sellers
Single-family sellers still hold the advantage, inventory is down and pending sales are up. The softer median price is worth a conversation, not a worry. Reach out and we can talk through your street specifically.
For a Broader Look at the Florida Keys Market
Key Largo is one piece of a larger picture. For a fuller view of single-family trends across the entire Florida Keys, see the numbers below.
See the full Florida Keys market report for August 2026
Frequently Asked Questions
How many single-family homes are for sale in Key Largo right now?
There were 181 single-family homes active in Key Largo in August 2026, 13% fewer than at this exact time last year. Fewer choices for buyers are arriving alongside a growing pipeline of pending contracts.
Are Key Largo condo prices dropping?
Median condo and townhouse price is down 26% compared to August 2025, to $750,000. Only 4 condos closed in Key Largo for the month, too few to treat that swing as a real shift in value.
Is Key Largo leaning toward a buyer’s market or a seller’s market?
Single-family pending inventory is up 26% year over year even as active inventory fell 13% compared to last August, a shrinking pool of homes absorbing a growing pipeline of contracts. That points toward sellers holding the advantage on the single-family side.
What is the median sale price for a single-family home in Key Largo?
The single-family median sale price was $762,500 in Key Largo in August 2026, down 8.5% from August 2025.
Data source: Florida Realtor SunStats, Key Largo (CDP), Residential (Single-Family and Condo/Townhouse), August 2026 vs. August 2025. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.