In August 2026, the median home sale price in Key West (33040), FL was $791,650, with homes selling in an average of 289 days — slower than the 113-day average last year, suggesting buyers have more negotiating room. A total of 24 homes sold in this period, up from 17 last year — a sign of an active market.
The median list price of Key West (33040), FL, was $899,000 in August 2026, compared to $1,897,000 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 $1,344,000 in August 2026, compared to $1,000,000 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 $225,000 in August 2026, compared to $80,000 in August 2025.
Key West (33040), FL Housing Market Analysis
There are currently 20 homes listed for sale in Key West (33040), 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 $1,400,740 (down 33.47% year-over-year), and the average price per square foot is $927 compared to $1,066 in 2025. Properties spend an average of 218 days on the market before going under contract.
