In July 2026, the median home sale price in Key West, FL was $625,000, with homes selling in an average of 199 days — slower than the 107-day average last year, suggesting buyers have more negotiating room. A total of 19 homes sold in this period, up from 17 last year — a sign of an active market.
The median list price of condos/co-ops in Key West, FL, was $1,799,000 in July 2026, compared to $1,799,000 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 $259,950 in July 2026, compared to $243,000 in July 2025.
Key West, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Key West, FL, was $4,174,500 in July 2026, compared to $7,999,000 in July 2025.
Key West, FL Housing Market Analysis
There are currently 17 homes listed for sale in Key West, FL, an increase of 54.55% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $2,054,047 (down 15.65% year-over-year), and the average price per square foot is $1,066 compared to $1,266 in 2025. Properties spend an average of 375 days on the market before going under contract.
