Upper Matecumbe Key Islamorada
Housing Market
Median sale price $939,500, down 6.0% year over year, with homes going under contract in about 143 days, 28 homes on the market.
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Housing Market Analyst
Inventory sits at 10.5 months of supply — heavy by the 3-to-6-month balanced benchmark. Prices are down 6.0% versus the prior year, but sellers are still collecting 89.4% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Mortgage sensitivity — at 11.0× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Upper Matecumbe Key Islamorada data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on Upper Matecumbe Key Islamorada
The median sale price across Upper Matecumbe Key Islamorada currently stands at $939,500, down 6.0% from a year ago. The typical home goes under contract in about 143 days. Homes are selling for about 89.4% of their original asking price.
There are 28 active listings on the market, with 3 more already under contract. With 32 closed sales over the trailing 12 months (28 listings divided by 32 / 12), that works out to 10.5 months of supply — a buyer-leaning market by the 3-to-6-month balanced band.
Upper Matecumbe Key Islamorada prices sit above the Monroe County median by roughly 4%. 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.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Upper Matecumbe Key Islamorada is 21 of 100 — soft market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of November 9, 2026.
Upper Matecumbe Key Islamorada since 2012 — and where it’s heading
A median home here sold for $331,071 in 2012 and $1,181,588 over the last recorded year — 257% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (260 recorded sales)
Days on market by year
Home value trend · Monroe County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Monroe County (MLS)
Median price · daily recalculation
What’s driving Upper Matecumbe Key Islamorada
Top inbound states: CA, IL, MD. Movers arriving report ~$170,384 average income. Source: IRS SOI county-to-county migration, 2022-2023
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).
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
The calls we’re making from today’s data
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Upper Matecumbe Key Islamorada ZIP codes
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Upper Matecumbe Key Islamorada guides & data
Everything we publish about Upper Matecumbe Key Islamorada: live listings by type, prices and market data, taxes, insurance and what it costs to live here.
The questions people actually ask
Should I buy a house in Upper Matecumbe Key Islamorada right now?
The data says conditions currently favor buyers in Upper Matecumbe Key Islamorada — the Momentum Score reads 21/100 with 10.5 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Upper Matecumbe Key Islamorada becoming more affordable?
Yes, modestly — the median sale price in Upper Matecumbe Key Islamorada is $939,500, down 6.0% versus the prior year, while sellers still capture 89.4% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
How does Upper Matecumbe Key Islamorada compare to the rest of Monroe County?
Upper Matecumbe Key Islamorada's median of $939,500 runs 4% above the county-wide median of $907,500, and homes here take 143 days to go under contract versus 84 county-wide.
Upper Matecumbe Key Islamorada housing market FAQ
How is the housing market in Upper Matecumbe Key Islamorada right now?
As of November 9, 2026, the Upper Matecumbe Key Islamorada housing market favors buyers: the median sale price is $939,500 (down 6.0% year over year), 28 homes are for sale against 32 sales in the last 12 months, which is 10.5 months of supply, and the typical home goes under contract in about 143 days.
How much is a house in Upper Matecumbe Key Islamorada?
The median home sold for $939,500 in Upper Matecumbe Key Islamorada over the last 12 months; asking prices on the 28 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in Upper Matecumbe Key Islamorada?
By the numbers, sellers in Upper Matecumbe Key Islamorada are getting 89.4% of asking price and going under contract in about 143 days with 10.5 months of supply. Under three months of supply generally favors sellers, three to six is balanced, and over six favors buyers. 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 Upper Matecumbe Key Islamorada housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Upper Matecumbe Key Islamorada median sale prices are down 6.0% year over year, inventory stands at 10.5 months of supply. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in Upper Matecumbe Key Islamorada?
The median sale price in Upper Matecumbe Key Islamorada is currently $939,500, down 6.0% from a year ago, based on MLS sales data updated November 9, 2026.
Is Upper Matecumbe Key Islamorada a buyer's or seller's market right now?
The data currently favors buyers. Upper Matecumbe Key Islamorada scores 21 of 100 on the Momentum Score, with 10.5 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Upper Matecumbe Key Islamorada?
The typical home in Upper Matecumbe Key Islamorada goes under contract in about 143 days, per current MLS data.
How many homes are for sale in Upper Matecumbe Key Islamorada?
There are approximately 28 active listings in Upper Matecumbe Key Islamorada as of November 9, 2026.
Are home prices in Upper Matecumbe Key Islamorada rising or falling?
Median sale prices are down 6.0% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Upper Matecumbe Key Islamorada. Talk through what the numbers mean for your move.
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 9, 2026
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.
<a href="https://movewithmomentum.com/market/upper-matecumbe-key-islamorada">Upper Matecumbe Key Islamorada Housing Market: Median $940K — Momentum Realty</a>