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Real Estate Market Trends and Analytics in Key West, FL

In October 2026, the median home sale price in Key West, FL was $237,000, with homes selling in an average of 154 days — slower than the 22-day average last year, suggesting buyers have more negotiating room. A total of 3 homes sold in this period, matching last year's pace.
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 $1,850,000 in October 2026, compared to $4,700,000 in October 2025.

Key West, FL Market Trend for Houses

Median List Price
The median list price of houses in Key West, FL, was $1,789,500 in October 2026, compared to $4,700,000 in October 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 October 2026, compared to $0 in October 2025.

Key West, FL Market Trend for Lots/Land

Median List Price
The median list price of lots/land in Key West, FL, was $0 in October 2026, compared to $0 in October 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 October 2026, compared to $0 in October 2025.

Key West, FL Housing Market Analysis

There are currently 7 homes listed for sale in Key West, FL, an increase of 600.00% 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 $2,337,429 (down 50.27% year-over-year), and the average price per square foot is $1,146 compared to $1,146 in 2025. Properties spend an average of 130 days on the market before going under contract.
7
for sale
0
for rent
3
sold
Median Price
$1.9M
Median SQFT Price
$1,146
SF Range
460 - 4,103 SF
Beds
2 - 5
Avg. Dom
130 days
Year Built
1933 - 2025
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

34/100 MODERATE
30-Year Mortgage Rate 7.40%
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

For Sale
$399,000
House
2 bds · 1 ba · 460 sqft
BAY POINT TRAILER PARK 1ST, Key West
6 Beach Drive, Key West FL 33040
For Sale
$2,980,000
House
3 bds · 2 ba · 1,782 sqft
Old Town, Key West
728 POOR HOUSE Lane, Key West FL 33040
For Sale
$339,000
House
2 bds · 2 ba
Maloney Sub, Key West
5031 5th Ave, Key West FL 33040
For Sale
$5,495,000
House
5 bds · 5 ba · 3,219 sqft
Vaca Village (49.5), Key West
735 50 ST Gulf, Marathon, Key West FL 33050
For Sale
$1,850,000
Commercial
0 room(s)
Key West
701 Simonton Street, Key West FL 33040
-$51K
For Sale
$599,000
House
2 bds · 2 ba · 1,010 sqft
BAY POINT TRAILER PARK 1ST, Key West
4 Shore Drive, Key West FL 33040
+$450K
For Sale
$4,700,000
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

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