| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $1.2M | -4.1% YoY |
| Median price per sq ft | $832 | 1,490 sq ft median |
| Median days on market | 114 | -4% YoY |
| Active listings | 1,163 | +3% YoY |
| New listings this month | 158 | September 2026 |
| Listings with a price cut | 13% | Share of active |
| Median sale price (closed) | $987,500 | -1.7% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 94.9% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 18.5% | 216 pending |
| Inventory vs 2019 | 77% | Active listings vs same month in 2019 |
Resort & second-home market · Florida · September 2026 data
What is the Key West, FL real estate market doing?
As of September 2026, the median home listed in Key West, FL asks $1.2M, down 4.1% year over year. Homes spend a median of 114 days on market, with 1,163 active listings and 13% carrying a price cut; pending contracts equal 19% of active listings, and inventory sits at 77% of the same month in 2019 — a buyer's market. Figures come from public records and industry data, updated monthly.
Median listing price
$1.2M
▼ 4.1% YoY
Median $ / sq ft
$832
1,490 sq ft median
Median days on market
114
September 2026
Active listings
1,163
For sale now
New listings
158
September 2026
Listings with price cuts
13%
Share of active
Inventory vs 2019
77%
Same month, 2019 = 100
Pending / active
19%
Contract activity
Median sale price (closed)
$987,500
▼ 1.7% YoY · closed sales · July 2026
Sale-to-list ratio
94.9%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
162
Closed sales · July 2026, seasonally adjusted
What is the Key West, FL housing market doing right now?
The Key West, FL housing market lists at a $1.2M median as of September 2026, down 4.1% year over year, with an 114-day median market time and 1,163 homes for sale (13% with a price cut). Active inventory is 77% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule.
Key West housing market statistics
The table summarizes Key West's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Key West.
How have home prices changed in Key West?
Key West home prices are down 4.1% year over year and +2.0% month over month as of September 2026, at a $1.2M median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Key West FL · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Key West FL · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Key West?
Key West has 1,163 active listings, 158 new this month, 216 pending as of September 2026. About 13% of active listings have cut their price, and inventory sits at 77% of its 2019 level — a buyer's market by pace.
Is Key West a good real estate investment?
Key West scores 32/100 on WealthyBud's composite Investor Score, ranking #793 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
32/100
#793 of 933 covered metros
Key West scores 32/100 on our composite Investor Score (#793 of 933 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 4.1% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
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.
How much is a monthly mortgage payment in Key West?
A home at Key West's $1.2M median listing runs about $6,563 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$5,925/mo
−$638/mo vs today
At today's rate · 7.28%
$6,563/mo
National weekly average
If rates rise 1% · 8.28%
$7,226/mo
+$663/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: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Key West?
To buy Key West’s $1.2M median listing with 20% down, a household needs about $304,000 a year in gross income, keeping principal, interest and property tax ($7,103/mo) at 28% of income. That is 3.7× the area’s $82,430 median household income, so a typical Key West household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $1.2M | September 2026 |
| Down payment (20%) | $239,800 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $6,563/mo | Rate as of 2026-10-01 |
| Property tax (0.54% effective rate) | $540/mo | Census ACS |
| Income needed (28% rule) | $304,000 | Gross household income / yr |
| Median household income | $82,430 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Key West housing market?
Longer-run demand in Key West shows up in 274 homes permitted in 2025; net migration of -713 residents. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.
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.
What is the latest Key West real estate news?
1120 Elgin Ln Unit A, Key West, FL 33040Realtor.com · 2026-06-30→Keys Real Estate by the Numberskeysnews.com · 2026-06-13→Cities With the Fastest-growing Home Prices in FloridaStacker · 2026-06-29→Buyers have more say in local real estate market, study showskeysnews.com · 2026-03-05→
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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ReadKey West housing market FAQ
What is the median home price in Key West?
As of September 2026, the median listing price in Key West, FL is $1.2M, down 4.1% year over year (source: public records and industry data).
How much does it cost to buy a home in Key West?
The median home listed in Key West asks $1.2M as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $6,563 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Key West?
The median property in Key West spends 114 days on the market, with 1,163 homes actively listed and 13% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Key West?
With a median 114 days on market and 13% of active listings carrying a price cut, pending contracts at 19% of active listings, Key West reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Key West a good place to invest in real estate?
Key West scores 32/100 on WealthyBud's Investor Score, ranking #793 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
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, ranked by recent sales from public profile data.
Based on public records and industry data, September 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.
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