In August 2026, the median home sale price in Key West, FL was $791,650, with homes selling in an average of 289 days — slower than the 103-day average last year, suggesting buyers have more negotiating room. A total of 24 homes sold in this period, up from 16 last year — a sign of an active market.
The median list price of condos/co-ops in Key West, FL, was $1,344,000 in August 2026, compared to $1,000,000 in August 2025.
Key West, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Key West, FL, was $235,000 in August 2026, compared to $237,000 in August 2025.
Key West, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Key West, FL, was $4,174,500 in August 2026, compared to $7,999,000 in August 2025.
Key West, FL Housing Market Analysis
There are currently 20 homes listed for sale in Key West, FL, an increase of 25.00% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $2,210,140 (down 22.03% year-over-year), and the average price per square foot is $1,066 compared to $1,066 in 2025. Properties spend an average of 298 days on the market before going under contract.
