33037 (Key Largo)
Housing Market & Home Values

ZIP code market report · Monroe County, FL

Median sale price $1,150,000, with homes going under contract in about 72 days.

14 communities reporting65 sales analyzedData as of Nov 12, 2026
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Live · 33037 Housing Pulse Licensed FL MLS feeds + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$1.15M
Median sold · 12 moConfidence: Medium
92.1% ▲
Sale vs ask
Monroe County: 93.0% · +1.7pp vs prior yr
$963K ▲
Monroe County home value
Zillow ZHVI, monthly · +1.9% vs a year ago
Tempo
72days ▼
Median DOM · closed
Monroe County: 82 days · -6.0 days vs prior yr
65
Sold · last 12 mo
closed in the 14 tracked communities with data
Market context
17% ▼
Listings with price cuts
Monroe County · Zillow · -1.7pp vs prior month
1,255 ▼
County for-sale inventory
Zillow, monthly · -4.1% vs prior month
9% ▲
New construction
share of recent sales · +3.0pp vs prior yr
14
Communities reporting
of 57 tracked in 33037
Economy & people · county layer
$87,738
Median household income
U.S. Census ACS, county
81,860
County population
+7.3% since 2018
11.0×
Price to income
county home value vs median income
66%
Owner-occupied
U.S. Census ACS, county
$4,129/yr
Median property tax
county, ACS
Licensed FL MLSZillow ResearchU.S. Census ACSPublic records
✓ $3.5B+ sold✓ 10,000+ customers served✓ Top 1% in Florida · RealTrends✓ 800+ five-star reviews✓ Licensed FL MLS data✓ Data as of Nov 12, 2026
Today's Take · November 12, 2026
Jon Brooks
Jon Brooks →
Co-Founder, Momentum Realty · CEO, Momentum Research
Housing Market Analyst

sellers are still collecting 92.1% of asking.

Analysis

The read on 33037 (Key Largo)

The median sale price across 33037 currently stands at $1,150,000. The typical home goes under contract in about 72 days. Homes are selling for about 92.1% of their original asking price.

65 homes closed here over the trailing 12 months.

Zillow's home value index for Monroe County stands at $962,885. About 17% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.

Trends & History

33037 since 2015 — and where it’s heading

A median home here sold for $360,566 in 2015 and $1,070,384 over the last recorded year — 197% appreciation across 11 years of recorded sales.

Median sale price · 2015–2026 (218 recorded sales)

$346K$715K$1.09M$1.07M2015: $361K2016: $440K2017: $394K2018: $391K2019: $445K2021: $676K2022: $635K2023: $813K2026: $1.07M20152017201920222026

Days on market by year

22d79d136d72d2015: 92d2016: 111d2017: 62d2018: 82d2019: 134d2021: 25d2022: 28d2023: 78d2026: 72d20152017201920222026

Home value trend · Monroe County (Zillow ZHVI)

$942K$953K$963K$963KSep '25: $945KOct '25: $943KNov '25: $942KDec '25: $942KJan '26: $944KFeb '26: $947KMar '26: $951KApr '26: $953KMay '26: $954KJun '26: $954KJul '26: $956KAug '26: $960KSep '26: $963KSep '25Dec '25Mar '26Jun '26Sep '26

For-sale inventory · county (Zillow)

1,2491,3921,5341,255Sep '25: 1,308Oct '25: 1,283Nov '25: 1,299Dec '25: 1,348Jan '26: 1,415Feb '26: 1,476Mar '26: 1,529Apr '26: 1,526May '26: 1,492Jun '26: 1,422Jul '26: 1,364Aug '26: 1,309Sep '26: 1,255Sep '25Dec '25Mar '26Jun '26Sep '26

Daily active vs pending · Monroe County (MLS)

1597821,405Aug 10 · Active: 1,271Aug 11 · Active: 1,266Aug 12 · Active: 1,266Aug 13 · Active: 1,265Aug 15 · Active: 1,257Aug 17 · Active: 1,254Aug 19 · Active: 1,248Aug 22 · Active: 1,238Aug 23 · Active: 1,240Aug 28 · Active: 1,228Aug 29 · Active: 1,224Aug 30 · Active: 1,221Aug 31 · Active: 1,218Sep 07 · Active: 1,308Sep 09 · Active: 1,303Sep 11 · Active: 1,295Sep 12 · Active: 1,295Sep 13 · Active: 1,287Sep 14 · Active: 1,291Sep 15 · Active: 1,280Sep 16 · Active: 1,276Sep 17 · Active: 1,276Sep 19 · Active: 1,285Sep 20 · Active: 1,280Sep 21 · Active: 1,275Sep 22 · Active: 1,274Sep 23 · Active: 1,271Sep 24 · Active: 1,271Sep 25 · Active: 1,275Sep 26 · Active: 1,281Sep 28 · Active: 1,280Sep 29 · Active: 1,271Oct 01 · Active: 1,260Oct 04 · Active: 1,259Oct 05 · Active: 1,257Oct 06 · Active: 1,249Oct 07 · Active: 1,255Oct 09 · Active: 1,267Oct 10 · Active: 1,272Oct 11 · Active: 1,270Oct 12 · Active: 1,276Oct 14 · Active: 1,296Oct 17 · Active: 1,299Oct 18 · Active: 1,302Oct 19 · Active: 1,313Oct 20 · Active: 1,323Oct 23 · Active: 1,343Oct 26 · Active: 1,342Oct 27 · Active: 1,348Oct 28 · Active: 1,353Oct 29 · Active: 1,359Oct 30 · Active: 1,370Oct 31 · Active: 1,376Nov 01 · Active: 1,358Nov 02 · Active: 1,358Nov 03 · Active: 1,364Nov 05 · Active: 1,365Nov 06 · Active: 1,371Nov 08 · Active: 1,367Nov 09 · Active: 1,364Nov 10 · Active: 1,376Nov 11 · Active: 1,380Nov 12 · Active: 1,381Aug 10Sep 29Nov 12ActivePending

Median price · daily recalculation

$969K$1.06M$1.15M$1.15MSep 12: $972KSep 13: $972KSep 14: $972KSep 15: $972KSep 16: $972KSep 17: $972KSep 19: $972KSep 20: $972KSep 21: $972KSep 22: $972KSep 23: $972KSep 24: $972KSep 25: $972KSep 26: $972KSep 28: $972KSep 29: $972KSep 30: $972KOct 01: $972KOct 03: $972KOct 04: $972KOct 05: $972KOct 06: $972KOct 07: $972KOct 09: $972KOct 10: $972KOct 11: $972KOct 12: $972KOct 14: $972KOct 17: $972KOct 18: $972KOct 19: $972KOct 20: $972KOct 23: $972KOct 26: $972KOct 27: $972KOct 28: $972KOct 29: $972KOct 30: $972KOct 31: $972KNov 01: $972KNov 02: $972KNov 05: $972KNov 06: $972KNov 08: $972KNov 09: $972KNov 10: $1.15MNov 11: $1.15MNov 12: $1.15MSep 12Sep 25Oct 10Oct 29Nov 12
Local Economics · county layer

What’s driving 33037

Who’s moving here
-713 net residents/yr

Top inbound states: CA, IL, MD. Movers arriving report ~$170,384 average income. Source: IRS SOI county-to-county migration, 2022-2023

Insurance reality check
$6,463/yr avg Citizens premium

16,693 Citizens personal-lines policies in Monroe County; average premium $6,671 before the 2026 change, $6,463 after (-3.1%). Citizens is the state-backed insurer of last resort; budget insurance into any Monroe purchase. Source: Citizens Property Insurance Corporation, 2026 Approved Rate Changes by County (ALL PERSONAL LINES COMBINED table).

Building pipeline
279 units permitted -16% YoY

239 single-family · 40 multi-family · 3.4 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025

Compare Markets

Nearby ZIP codes in Monroe

MarketMedianActiveScore
33037 ← this page$1.15M——
31029$505K1857Open →
Community Movers

Neighborhoods on the move

Selling fastest
BUTTONWOOD BAYKey Largo$1.16M40 days
CROSS KEY WATERWAYSKey Largo$1.20M70 days
Explore Deeper

Cities in this ZIP

Most active communities

Keep Going

Put this data to work

Plain Answers

The questions people actually ask

Which 33037 neighborhoods are most competitive?

Measured by speed of sale, the fastest-moving tracked communities right now are BUTTONWOOD BAY (40 days); CROSS KEY WATERWAYS (70 days) — homes there go under contract well ahead of the market-wide pace of 72 days.

Questions

33037 (Key Largo) housing market FAQ

Is it a good time to sell a house in 33037?

By the numbers, sellers in 33037 are getting 92.1% of asking price and going under contract in about 72 days. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.

What is the median home price in 33037?

The median sale price in 33037 is currently $1,150,000, based on MLS sales data updated November 12, 2026.

How long do homes take to sell in 33037?

The typical home in 33037 goes under contract in about 72 days, per current MLS data.

Put this data to work

Momentum agents use this intelligence every day to price listings and write winning offers across 33037 (Key Largo). Talk through what the numbers mean for your move.

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Methodology & Accountability

Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use the MLS listing counts from the last data refresh (date below); the Momentum Score methodology is summarized .

Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: November 12, 2026 at 5:37 PM ET

Find homes What's my home worth?

Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.

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Selling in this ZIP? Weigh the numbers first: the Florida sell-now-or-wait scoreboard, why 201,552 Florida listings failed to sell in 12 months, and cash offer vs. listing, both numbers. Compiled from MLS records; deemed reliable but not guaranteed.