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Real Estate Market Trends and Analytics in Key West, FL

In July 2026, the median home sale price in Key West, FL was $409,500, with homes selling in an average of 224 days — faster than the 282-day average last year, indicating stronger demand. A total of 2 homes sold in this period, down from 3 last year.
View all properties for sale in Key West, FL

Key West, FL Market Trend

Median List Price
The median list price of Key West, FL, was $719,500 in July 2026, compared to $249,000 in July 2025.

Key West, FL Market Trend for Houses

Median List Price
The median list price of houses in Key West, FL, was $1,742,000 in July 2026, compared to $0 in July 2025.

Key West, FL Market Trend for Condos / Townhouses / Penthouses

Median List Price
The median list price of condos/co-ops in Key West, FL, was $0 in July 2026, compared to $0 in July 2025.

Key West, FL Market Trend for Lots/Land

Median List Price
The median list price of lots/land in Key West, FL, was $245,000 in July 2026, compared to $249,000 in July 2025.

Key West, FL Market Trend for Commercial

Median List Price
The median list price of commercial in Key West, FL, was $1,850,000 in July 2026, compared to $0 in July 2025.

Key West, FL Housing Market Analysis

There are currently 8 homes listed for sale in Key West, FL, an increase of 700.00% compared to 2025. With more homes on the market than are selling each month, buyers may find more options and room to negotiate. The median asking price is $1,378,600 (up 453.65% year-over-year), and the average price per square foot is $850 compared to $0 in 2025. Properties spend an average of 121 days on the market before going under contract.
8
for sale
2
for rent
2
sold
Median Price
$720K
Median SQFT Price
$850
SF Range
1,010 - 4,103 SF
Beds
2 - 5
Avg. Dom
121 days
Year Built
1938 - 2026
Monthly brief
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Housing & Mortgage & Foreclosure Risk Score

Housing & Mortgage

Median Home Value $767K
Median Monthly Mortgage $3K/mo
Median Rent $2K/mo
Homeownership Rate 47.7%
Cost Burden 27.1%

Foreclosure Risk Score

31/100 MODERATE
30-Year Mortgage Rate 6.51%
Local Unemployment 3.7%

Risk score based on economic indicators, lis pendens filings, and census data. Not financial advice.

Data powered by brokerone.io

Properties in Key West, FL

New
For Sale
$1,850,000
Commercial
0 room(s)
Key West
701 Simonton Street, Key West FL 33040
For Sale
$2,685,000
House
4 bds · 4 ba · 2,160 sqft
White & Pierce Diagram (1., Key West
1316 Royal Street # 6, Key West FL 33040
-$10K
For Sale
$640,000
House
2 bds · 2 ba · 1,010 sqft
BAY POINT TRAILER PARK 1ST, Key West
4 Shore Drive, Key West FL 33040
-$9K
For Sale
$159,900
Lots/Land
0 sqft
Garrison Bight Marina, Key West
1801 N Roosevelt Boulevard, Key West FL 33040
-$50K
For Sale
$799,000
House
3 bds · 1 ba · 1,342 sqft
Island City Land Sub (1.0, Key West
1425 Eliza Street, Key West FL 33040
-$5K
For Sale
$245,000
Lots/Land
0.02 acres
Garrison Bight Marina, Key West
1801 N Roosevelt M-28 Boulevard, Key West FL 33040
-$24K
For Sale
$274,900
Lots/Land
0 sqft
Monroe Investment Co Sub (, Key West
1801 N Roosevelt Boulevard N, Key West FL 33040
+$125K
For Sale
$4,375,000
House
5 bds · 5 ba · 4,103 sqft
SUMMERLAND ESTATES,The Seven Palms - A, Key West
231 E Shore Drive Unit 6, Key West FL 33040

Market Trends nearby