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City / Town Overview

Key West, FL

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

Market Analysis

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

The Key West, FL real estate market currently shows 425 active listings, with 78 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has tightened compared to last year, with 47 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 87 days on market compared to 80 days last year.

The median listing price has fallen 14.3% year-over-year, from $1,494,500 to $1,281,250.

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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

Truman Annex1: 33041, 33045

Key West: 33040

Area Map

Market Overview

Active Listings
425
⇩ 10% vs 472 last year
Pending
78
18% pending ratio
Median Price
$1,281,250
⇩ 14.3% vs $1,494,500 last year
Average Price
$1,778,031
⇩ 5.4% vs $1,879,596 last year
Days on Market
87
⇧ 8.8% vs 80 days last year

Price Per Square Foot

Median $/sqft
$990
⇩ 7.4% vs $1,069/sqft last year
Median Home Size
1,372 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 %