Resort & second-home market · Florida · June 2026 data

Key West Real Estate Market

The Key West, FL housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Key West report in a click.

Median listing price
$1.2M
▼ 7.7% YoY
Median $ / sq ft
$844
1,493 sq ft median
Median days on market
103
June 2026
Active listings
1,331
For sale now
New listings
172
June 2026
Listings with price cuts
17%
Share of active
Median sale price (closed)
$1.05M
▲ 19.9% YoY · closed sales
Sale-to-list ratio
94.1%
Closed sales
Homes sold / month
184
Closed sales
Median listing price trend
$1.31M$1.28M$1.25M$1.23M Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Key West FL · trailing 8 quarters · source: public records and industry data.

The 10-year view
$1.48M$1.28M$1.08M$878K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Key West FL · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
1,331
New this month
172
Pending
251
Price-reduced
219

As of June 2026, the median home listed in Key West, FL asks $1.2M — down 7.7% from a year ago. Homes are taking a median of 103 days to go under contract, and 17% of the 1,331 active listings have taken a price cut, which points to a buyer-leaning market. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
25/100
#884 of 932 covered metros
12-month outlook
-1.7%
Flat · model output, not advice
Momentum
48
Value
1
Rental yield
3
Supply risk
42
Market heat
7

Key West scores 25/100 on our composite Investor Score (#884 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 77% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 7.7% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Key West ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$5,404/mo
−$615/mo vs today
At today's rate · 6.43%
$6,019/mo
National weekly average
If rates rise 1% · 7.43%
$6,661/mo
+$642/mo vs today

Principal & interest on the $1.2M median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
274
▼ 17.5% vs 2024
3.4 per 1,000 residents
Net migration (2022–2023)
-713
▼ people, via tax-return records
net income flow +$178.4M/yr
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Hurricane

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

Key West market news

Recent headlines discuss individual property listings, market statistics in the Keys, and Florida-wide price growth, alongside a shift favoring buyers in the local real estate. — AI-generated summary of the headlines above; read the linked coverage before relying on it.

Headlines collected 2026-07-05; each links to the original publisher.

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Key West market FAQs

What is the median home price in Key West?
As of June 2026, the median listing price in Key West, FL is $1.2M, down 7.7% year over year (source: public records and industry data).
How fast are homes selling in Key West?
The median property in Key West spends 103 days on the market, with 1,331 homes actively listed and 17% of them carrying a price cut — a buyer-leaning market by pace.
Who are the top real estate agents in Key West?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Key West and the wider Florida market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.