Key West
Housing Market
Median sale price $1,132,500, up 3.0% year over year, with homes going under contract in about 85 days, 266 homes on the market.
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Housing Market Analyst
Inventory sits at 7.7 months of supply — heavy by the 3-to-6-month balanced benchmark. Prices are up 3.0% versus the prior year and sellers are still collecting 95.2% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
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.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Mortgage sensitivity — at 11.0× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Key West data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on Key West
The median sale price across Key West currently stands at $1,132,500, up 3.0% from a year ago. The typical home goes under contract in about 85 days. Homes are selling for about 95.2% of their original asking price.
There are 266 active listings on the market, with 34 more already under contract. With 414 closed sales over the trailing 12 months (266 listings divided by 414 / 12), that works out to 7.7 months of supply — a buyer-leaning market by the 3-to-6-month balanced band.
Key West prices sit above the Monroe County median by roughly 26%. Zillow's home value index for Monroe County stands at $962,885. About 17% 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 Key West is 44 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of November 12, 2026.
Where the market is heading
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 Key West
Top inbound states: CA, IL, MD. Movers arriving report ~$170,384 average income. Source: IRS SOI county-to-county migration, 2022-2023
16,693 Citizens personal-lines policies in Monroe County; average premium $6,671 before the 2026 change, $6,463 after (-3.1%). Citizens is the state-backed insurer of last resort; budget insurance into any Monroe purchase. Source: Citizens Property Insurance Corporation, 2026 Approved Rate Changes by County (ALL PERSONAL LINES COMBINED table).
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
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Monroe County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Key West ← this page | $1.13M | — | 44 | |
| Forsyth | $389K | 18 | 43 | Open → |
Key West ZIP codes
Most active communities
More on Key West
Put this data to work
The questions people actually ask
Should I buy a house in Key West right now?
The data says conditions currently favor buyers in Key West — the Momentum Score reads 44/100 with 7.7 months of supply. 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 Key West becoming more affordable?
No — the median sale price in Key West is $1,132,500, up 3.0% versus the prior year, while sellers still capture 95.2% of asking price. Rising prices mean waiting has a cost; affordability hinges mostly on your rate.
How does Key West compare to the rest of Monroe County?
Key West's median of $1,132,500 runs 26% above the county-wide median of $900,000, and homes here take 85 days to go under contract versus 82 county-wide.
Key West housing market FAQ
How is the housing market in Key West right now?
As of November 12, 2026, the Key West housing market is roughly balanced: the median sale price is $1,132,500 (up 3.0% year over year), 266 homes are for sale against 414 sales in the last 12 months, which is 7.7 months of supply, and the typical home goes under contract in about 85 days.
How much is a house in Key West?
The median home sold for $1,132,500 in Key West over the last 12 months; asking prices on the 266 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in Key West?
By the numbers, sellers in Key West are getting 95.2% of asking price and going under contract in about 85 days with 7.7 months of supply. Under three months of supply generally favors sellers, three to six is balanced, and over six favors buyers. 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 Key West housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Key West median sale prices are up 3.0% year over year, inventory stands at 7.7 months of supply. 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 Key West?
The median sale price in Key West is currently $1,132,500, up 3.0% from a year ago, based on MLS sales data updated November 12, 2026.
Is Key West a buyer's or seller's market right now?
The data currently is roughly balanced. Key West scores 44 of 100 on the Momentum Score, with 7.7 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Key West?
The typical home in Key West goes under contract in about 85 days, per current MLS data.
How many homes are for sale in Key West?
There are approximately 266 active listings in Key West as of November 12, 2026.
Are home prices in Key West rising or falling?
Median sale prices are up 3.0% 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 Key West. 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 the MLS listing counts from the last data refresh (date below); 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: November 12, 2026 at 5:37 PM 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.
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