Key West Home Values (2026): What Houses Are Actually Selling For
Key West, Monroe County, Florida · Momentum Research · updated 2026-09-12
Homes in Key West sold for a median of $987,250 over the last 12 months (192 recorded sales), n/a per square foot, and prices are flat 0.2% year over year. The typical sale took 85 days to go under contract and closed at 91.4% of the original asking price. Long run: 7.5% a year since 2012 (median $360K then). No algorithm can price your specific house from that; a records-based valuation can. The data first, then how to get one.
Key West home values year by year
Median recorded sale price, price per square foot, days to contract and sale-to-ask for every year we hold Key West sales. The compound growth rate works out to 7.5% a year since 2012 (median $360K then).
| Year | Median sale | $/sq ft | Days to contract | Sale-to-ask | Sales |
|---|---|---|---|---|---|
| 2012 | $360,103 | n/a | 141 | 90.7% | 230 |
| 2013 | $428,390 | n/a | 113 | 93.3% | 251 |
| 2014 | $533,501 | n/a | 102 | 93.0% | 259 |
| 2015 | $515,897 | n/a | 93 | 94.5% | 326 |
| 2016 | $587,885 | n/a | 102 | 94.6% | 294 |
| 2017 | $682,928 | n/a | 83 | 93.8% | 302 |
| 2018 | $702,440 | n/a | 72 | 93.9% | 318 |
| 2019 | $665,115 | n/a | 80 | 93.7% | 337 |
| 2020 | $687,584 | n/a | 70 | 94.1% | 287 |
| 2021 | $856,651 | n/a | 49 | 96.6% | 594 |
| 2022 | $1,043,687 | n/a | 25 | 97.6% | 405 |
| 2023 | $1,082,431 | n/a | 32 | 94.8% | 248 |
| 2024 | $1,116,631 | n/a | 52 | 93.0% | 236 |
| 2025 | $1,248,208 | n/a | 65 | 91.4% | 215 |
| 2026 | $1,328,518 | n/a | 85 | 91.4% | 192 |
Where the Key West market is tight, by price band
Months of supply is active inventory divided by the monthly sales pace; under about four months favors sellers, over six favors buyers. Find your band before you price.
Key West home values by ZIP code
Active listings and list medians from our feeds today; the typical value and one-year change are Zillow’s ZHVI for the ZIP, which tracks the whole housing stock rather than only what sold.
| ZIP | Active listings | Median list | Typical value (ZHVI) | 1-yr change | Listings with a price cut |
|---|---|---|---|---|---|
| 33040 | 226 | $1,150,000 | $957,004 | -2.0% | 20% |
Home values by community in Key West
The communities with the most recorded sales in the last 12 months. Each links to its own home-value page with the full price history.
| Community | Median sale | Year over year | Days to contract | Sales (12 mo) | Active |
|---|---|---|---|---|---|
| KEY WEST GOLF CLUB | $662,500 | -15.3% | 122 | 16 | 0 |
| KEY WEST REALTY COS | $987,250 | +23.3% | 60 | 14 | 0 |
| TROPICAL BLDT & INVESTMENT CO | $2,350,000 | +11.6% | 80 | 8 | 0 |
| GWYNN | $710,000 | -38.3% | 93 | 7 | 0 |
| LAS SALINAS | $515,000 | -1.9% | 69 | 7 | 0 |
| PRESIDENTS LANE | $1,075,000 | n/a | 68 | 7 | 0 |
| SHIPYARD PH 1 | $770,000 | -6.1% | 95 | 7 | 0 |
| HARBOUR PLACE | $1,792,500 | n/a | 176 | 6 | 0 |
| KEY WEST BY THE SEA | $602,500 | -18.3% | 82 | 6 | 0 |
| MARTELLO TOWERS | $2,934,000 | n/a | 14 | 6 | 0 |
| SALT POND | $492,500 | -12.8% | 57 | 6 | 0 |
| SUNSET KEY (TANK) ISLAND UNRCD | $6,500,000 | +23.8% | 64 | 6 | 0 |
What moves the sale price in Key West beyond the medians
New construction was 4% of sales, which sets the ceiling on what resale buyers will pay for a comparable resale. Sellers have been closing at 91.4% of original asking, so the list price is a negotiation opener, not the number. Zillow’s ZIP metrics put the city’s price-to-income ratio near 11.66 and five-year appreciation near +5.2%. Condition, lot, roof age, insurance quote and the specific street’s last three closings move an individual house well outside these ranges.
What is my house worth in Key West?
Not a number this page can give you, and not one an automated model can either: every value above is a median of many Key West sales, and the spread inside it is wide. A records-based valuation pulls the recorded closings on your street and in your community, adjusts for size, condition, lot and what your home has that the comps do not, and comes back as a written range with a net sheet showing what you would clear at each price after commissions, Florida doc stamps, title and payoff. Momentum Realty does that for Key West owners at no cost through the form below; the Messtimate gives a square-footage range in the meantime, and the seller net proceeds calculator runs the arithmetic on any price you are considering.
Selling in Key West: next steps
- Best time of year to sell in Monroe County
- Seller net proceeds calculator
- Monroe County property tax rate and calculator (what a buyer will pay after your sale)
- Homes for sale in Key West right now (your competition)
- Key West housing market: live data and trends
- How Momentum sells homes
Frequently asked questions
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Which Key West communities hold value best?
Figures are recorded closed sales and active listings from the MLS feeds behind our Key West pages, aggregated by Momentum Research as of 2026-09-12; ZIP typical values from Zillow (ZHVI). Community-level aggregates only; nothing on this page is a valuation of any specific property, an appraisal, or an offer. Deemed reliable but not guaranteed. EAB RE Investments LLC dba Momentum Realty, a licensed Florida real estate brokerage. Equal Housing Opportunity.