33051 (Key Colony)
Housing Market & Home Values
Median sale price $1,300,000, up 37.9% year over year, with homes going under contract in about 114 days.
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Housing Market Analyst
Prices are up 37.9% versus the prior year and sellers are still collecting 93.0% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors neither side decisively.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Mortgage sensitivity — at 11.6× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 33051 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on 33051 (Key Colony)
The median sale price across 33051 currently stands at $1,300,000, up 37.9% from a year ago. The typical home goes under contract in about 114 days. Sellers are capturing 93.0% of their original asking price on average.
Zillow's home value index for Monroe County stands at $959,843. About 19% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 33051 is 52 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of October 3, 2026.
33051 since 2012 — and where it’s heading
A median home here sold for $446,862 in 2012 and $1,249,142 over the last recorded year — 180% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (835 recorded sales)
Days on market by year
Home value trend · Monroe County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Monroe County (MLS)
Median price · daily recalculation
What’s driving 33051
Top inbound states: CA, IL, MD. Movers arriving report ~$170,384 average income. Source: IRS SOI county-to-county migration, 2022-2023
1,542 Citizens policies in force in Monroe County — the state-backed insurer of last resort. Budget insurance into any Monroe purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
239 single-family · 40 multi-family · 3.4 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Monroe
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 33051 ← this page | $1.30M | — | 52 | |
| 31029 | $505K | 18 | 47 | Open → |
Neighborhoods on the move
| KEY COLONY BEACHKey Colony | $1.30M | 47 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 33051 right now?
The data says conditions currently favor neither side decisively in 33051 — the Momentum Score reads 52/100. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 33051 becoming more affordable?
No — the median sale price in 33051 is $1,300,000, up 37.9% versus the prior year, while sellers still capture 93.0% of asking price. Rising prices mean waiting has a cost; affordability hinges mostly on your rate.
Which 33051 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are KEY COLONY BEACH (47 days) — homes there go under contract well ahead of the market-wide pace of 114 days.
33051 (Key Colony) housing market FAQ
Is it a good time to sell a house in 33051?
By the numbers, sellers in 33051 are getting 93.0% of asking price and going under contract in about 114 days. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 33051 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 33051 median sale prices are up 37.9% year over year. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 33051?
The median sale price in 33051 is currently $1,300,000, up 37.9% from a year ago, based on MLS sales data updated October 3, 2026.
Is 33051 a buyer's or seller's market right now?
The data currently is roughly balanced. 33051 scores 52 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in 33051?
The typical home in 33051 goes under contract in about 114 days, per current MLS data.
Are home prices in 33051 rising or falling?
Median sale prices are up 37.9% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 33051 (Key Colony). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: October 3, 2026 at 11:31 AM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.