KEY WEST REALTY COS
Homes for Sale in Key West, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
At a median of $1,000,000, this corner of Key West is priced where island scarcity, limited buildable land, and a short supply of closings all converge. Twenty-one closed transactions in the measurement window is a thin sample — thin enough that a single outlier can move the median meaningfully — so treat that figure as a directional anchor, not a precise ceiling or floor. What is not debatable is the trajectory: values have risen 26.6% year-over-year and have more than tripled since 2012, a cumulative gain of 202%.
The market heat score of 47 and a median days-on-market of 84 together paint a picture of a deliberate, buyer-paced market — sellers are not fielding multiple offers the week a listing goes live. That breathing room is real, but it should not be read as leverage to negotiate deeply below ask on well-priced listings; in a low-inventory island setting, correctly priced product still moves, just more slowly than a mainland suburban market.
KEY WEST REALTY COS right now
🟢 Still climbing. The trailing-12-month median ($1M) is up 26.6% from the prior 12 months ($790K) and up 202% since 2012. With about 27 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level floridakeys closed sales, 12-month windows ending July 27. Confidence: High (21 and 23 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 27, 2026 · Live data: floridakeys, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
KEY WEST REALTY COS market snapshot (as of July 27, 2026): the median sale price is about $1M, and a median 84 days on market for closed sales. The trailing-12-month median is up 27% from the prior 12 months and up 202% since 2012, computed from record-level floridakeys closed sales (21 closings in the current window).
Key West sits at the end of U.S. 1 in Monroe County — geographically constrained by water on all sides — which means new supply is structurally limited and what trades here reflects both the scarcity premium of island real estate and the condition-driven spread that comes with an older, varied housing stock.
Who KEY WEST REALTY COS is best for.
Best for
- A buyer targeting a long-term hold or second-home use who can carry the asset without urgency to liquidate.
- A cash or strong-equity buyer comfortable at or above the seven-figure median, who has budgeted for island-specific insurance and carrying costs.
- A seller with a correctly priced listing who can wait out an 84-day-plus marketing period without pressure to accept below-market terms.
Probably not for
- A buyer on a compressed timeline who needs to close quickly and cannot risk a protracted negotiation in a slow-moving market.
- Anyone expecting rapid short-term resale gains — the 26.6% year-over-year figure reflects recent history, not a guaranteed forward trajectory, and thin volume can reverse a median quickly.
- A buyer whose budget requires financing at the upper edge of qualification, where Monroe County insurance costs and HOA or flood-zone requirements could strain debt-to-income ratios.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 27 of each year, from record-level floridakeys closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($1M) IS the median in the snapshot above, and the move from 2025 ($790K) IS the +26.6% one-year change.
Windows contain 15 to 52 sales each (21 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Monroe County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Monroe County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
The KEY WEST REALTY COS buying strategy.
If we were buying in KEY WEST REALTY COS today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in KEY WEST REALTY COS.
Reading the Numbers Honestly
A 26.6% year-over-year gain is a headline that demands scrutiny in a market with only 21 closings in the window. A shift in the mix — more larger homes or fewer distressed sales — can produce a gain that looks like appreciation but is partly compositional. Buyers should pull the individual closed sales, not just the median, before anchoring their offer strategy to that percentage.
The 84-day median DOM is the most operationally useful number here. It tells you the typical seller has been waiting roughly three months for a contract — which means overpriced listings are sitting, and buyers who do the homework to identify what 'correctly priced' looks like in this market have time to be disciplined. The risk is assuming that patience equals weakness; Monroe County inventory can shift quickly when seasonal demand accelerates, and a listing that sat through slow months can attract competition once the calendar turns.
The location and the amenities are priced into every listing in KEY WEST REALTY COS. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in KEY WEST REALTY COS buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (8.0). Basis: Long-Term Appreciation +202% since 2012; Recent Direction +26.6% year-over-year; Pricing Power 91.1% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Thin-volume island markets punish buyers and sellers who rely on automated estimates or broad regional comps. With only a handful of closings per period, the difference between a well-supported price and a wishful one is granular, property-by-property analysis. Momentum's approach — grounding every valuation in the actual closed data, not a median applied mechanically — is exactly what this kind of market requires. We will tell you when a listing is priced to the market and when it is not, and we will tell you when Key West is the wrong fit for your timeline or risk tolerance.
KEY WEST REALTY COS in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a KEY WEST REALTY COS buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed KEY WEST REALTY COS sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in KEY WEST REALTY COS, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your KEY WEST REALTY COS home worth?
Get a no-obligation home value based on real comparable sales in KEY WEST REALTY COS, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in KEY WEST REALTY COS?
How long do homes in KEY WEST REALTY COS take to sell?
Have KEY WEST REALTY COS home prices gone up?
Who is the best real estate agent for KEY WEST REALTY COS?
How do I find a top Key West real estate agent who knows KEY WEST REALTY COS?
Can Momentum Realty connect me with an agent for KEY WEST REALTY COS?
Should you buy in KEY WEST REALTY COS?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | floridakeys closed sales, 12-month windows ending July 27, 2026 |
| Historical depth | Closed-sale records back to 2000 (631 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of floridakeys records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the floridakeys member average and 8 days faster, and we’ll price yours against live your area comps.
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