Data as of September 2026. Source: Realtor.com.
The KEY WEST, FL real estate market (33040) 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.
Population: 36,379 · Density: 792.5/mi² · Median household income: $80,069
Typical home value: $765,571 · Homeownership: 47.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 33040 | Key West, FL 33040 | 0.0 mi | 443 | $848,800,404 | $1,357,250 | $1,916,028 |
| 33043 | Big Pine Key, FL 33043 | 25.9 mi | 103 | $130,610,901 | $939,000 | $1,268,067 |
| 33051 | Key Colony Beach, FL 33051 | 46.6 mi | 73 | $145,649,308 | $1,418,750 | $1,995,196 |
| 33036 | Islamorada, FL 33036 | 73.4 mi | 148 | $653,042,896 | $2,550,000 | $4,412,452 |
| 33187 | Miami, FL 33187 | 98.9 mi | 109 | $202,125,894 | $910,750 | $1,854,366 |
| 33194 | Miami, FL 33194 | 104.8 mi | 16 | $12,105,856 | $735,750 | $756,616 |
As of September 2026, there are 312 active listings in KEY WEST, FL (zip code 33040), compared to 281 the prior year.
The median listing price in KEY WEST, FL 33040 is $1,167,000 as of September 2026, a 13.5% decrease from $1,349,499 the prior year.
Homes in KEY WEST, FL 33040 spend an average of 115 days on the market before going under contract, compared to 116 days the prior year.
Based on current inventory and days-on-market data as of September 2026, KEY WEST, FL 33040 is currently a Balanced Market. 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.
With SELL123.com's maximum 3% commission, sellers in KEY WEST, FL 33040 save an estimated $23,340 compared to a typical 5% commission on the median listing price of $1,167,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.