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City / Town Overview

Key West, FL

Aggregate real estate market report across all ZIPs in scope
Balanced Market
July 2026  ·  Source: Realtor.com

Market Analysis

Data as of July 2026. Source: Realtor.com.

The Key West, FL real estate market currently shows 356 active listings, with 57 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

Homes are selling faster, averaging 103 days on market compared to 114 days last year.

The median listing price has fallen 18.8% year-over-year, from $1,491,250 to $1,211,000.

Whether you are buying or selling in Key West, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 36,379  ·  Density: 792.5/mi²  ·  Median household income: $80,069

Typical home value: $765,571  ·  Homeownership: 47.7%

Included Areas

Key West: 33040, 33041

Truman Annex1: 33045

Area Map

Market Overview

Active Listings
356
⇧ 9.9% vs 324 last year
Pending
57
16% pending ratio
Median Price
$1,211,000
⇩ 18.8% vs $1,491,250 last year
Average Price
$1,758,208
⇩ 6.8% vs $1,886,927 last year
Days on Market
103
⇩ 9.6% vs 114 days last year

Price Per Square Foot

Median $/sqft
$946
⇩ 8% vs $1,028/sqft last year
Median Home Size
1,382 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %