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City / Town Overview

Key West, FL

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

Market Analysis

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

The Key West, FL real estate market currently shows 312 active listings, with 49 pending sales. Homes are averaging 115 days on the market before going under contract.

Inventory has increased compared to last year, with 31 more homes available — giving buyers more choice.

Homes are selling faster, averaging 115 days on market compared to 116 days last year.

The median listing price has fallen 13.5% year-over-year, from $1,349,499 to $1,167,000.

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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
312
⇧ 11% vs 281 last year
Pending
49
16% pending ratio
Median Price
$1,167,000
⇩ 13.5% vs $1,349,499 last year
Average Price
$1,770,478
⇩ 2% vs $1,806,202 last year
Days on Market
115
⇩ 0.9% vs 116 days last year

Price Per Square Foot

Median $/sqft
$911
⇩ 7.7% vs $987/sqft last year
Median Home Size
1,362 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 %