In August 2026, the median home sale price in Key West (33040), FL was $791,650, with homes selling in an average of 206 days — slower than the 103-day average last year, suggesting buyers have more negotiating room. A total of 22 homes sold in this period, up from 16 last year — a sign of an active market.
The median list price of Key West (33040), FL, was $975,000 in August 2026, compared to $2,447,500 in August 2025.
Key West (33040), FL Market Trend for Houses
Median List Price
The median list price of houses in Key West (33040), FL, was $1,037,500 in August 2026, compared to $4,250,000 in August 2025.
Key West (33040), FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Key West (33040), FL, was $1,799,000 in August 2026, compared to $1,799,000 in August 2025.
Key West (33040), FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Key West (33040), FL, was $235,000 in August 2026, compared to $237,000 in August 2025.
Key West (33040), FL Market Trend for Commercial
Median List Price
The median list price of commercial in Key West (33040), FL, was $1,850,000 in August 2026, compared to $6,499,000 in August 2025.
Key West (33040), FL Housing Market Analysis
There are currently 21 homes listed for sale in Key West (33040), FL, an increase of 31.25% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $2,057,038 (down 31.71% year-over-year), and the average price per square foot is $1,036 compared to $1,066 in 2025. Properties spend an average of 318 days on the market before going under contract.
