Is Largo, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Largo has remained a Seller's Market.
Key Takeaway
Largo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Largo, FL
How much do homes in Largo, FL cost?
Median Sold Price
$335,381
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Largo have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Largo was $335,381 in May 2024, down 1.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $140K | -9.7% |
| 2 Bedrooms | $255K | $241.1K | -5.4% |
| 3 Bedrooms | $414.9K | $411.5K | -0.8% |
| 4 Bedrooms | $519.7K | $565K | +8.7% |
| 5+ Bedrooms | $799.5K | $632.5K | -20.9% |
Summary: Largo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 20.9%.
Median Sold Price Compared To Nearby Cities
| Pinellas Park | $318K | $325K | +2.2% |
| Clearwater | $356.4K | $356.2K | -0.1% |
| Largo | $340K | $335.3K | -1.4% |
| Belleair | $635.5K | $625K | -1.7% |
Housing Supply in Largo, FL
How many homes are available in Largo, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 743 | 693 | -6.7% |
Summary: The Largo real estate market had 693 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 54 | 50 | -7.4% |
| 2 Bedrooms | 300 | 252 | -16.0% |
| 3 Bedrooms | 274 | 278 | +1.5% |
| 4 Bedrooms | 92 | 93 | +1.1% |
| 5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The Largo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 177 | 135 | -23.7% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Largo, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 135 homes were sold or pending in Largo in May 2024, down by 23.7% month-over-month. Of the 135 sold homes, 62% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market for Largo, FL
How long does it take to sell a home in Largo, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 45 Days | +70.9% |
Summary: Homes in Largo had an average of 45 days on market in May 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Largo are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 135 homes were sold in Largo; 56% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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