SOLANA VILLAGE
Homes for Sale in Key West, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Solana Village sits in Key West, a market governed less by square footage than by proximity to water, lot position, structure condition, and the perpetual scarcity of Monroe County land. The median closing price of $487,500 reflects that reality, but the spread around that median can be wide — condition-driven variance is the defining characteristic here, not a tidy price band.
The current posture leans firmly toward buyers. A market heat score of 12 and a median days-on-market of 121 days signal that sellers are waiting, not choosing. The year-over-year median is down 25 percent from the prior period, which means negotiating room exists that simply was not available in recent years. The long-run picture — a gain of 171 percent since 2012 — tells you this is not a distressed market; it is a correcting one.
SOLANA VILLAGE right now
🔴 Off the recent peak. The trailing-12-month median ($488K) is down 25.0% from the prior 12 months ($650K) and up 171% since 2012. With about 5 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: Low (4 and 3 sales in the two windows).
What's unique here: the median sale price is about 49% below the typical Monroe County sale ($488K vs $950K, trailing 12 months, floridakeys records).
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
SOLANA VILLAGE market snapshot (as of July 27, 2026): the median sale price is about $488K, and a median 121 days on market for closed sales. The trailing-12-month median is down 25% from the prior 12 months and up 171% since 2012, computed from record-level floridakeys closed sales (4 closings in the current window).
Solana Village is a small-volume community in Key West, Monroe County, where the combination of limited inventory, island geography, and condition-sensitive pricing shapes every transaction. With only four closings in the measurement window, each sale carries outsized weight on the median.
Who SOLANA VILLAGE is best for.
Best for
- A buyer targeting a Key West property for long-term ownership who has the budget to absorb Monroe County insurance costs and can wait out the current soft period without financial strain.
- A buyer focused on value relative to the long-run trend, who treats the year-over-year median decline as an entry opportunity rather than a warning sign — and who has done the underwriting work to back that view.
- A buyer who is already under contract on a short-term rental-eligible property and understands Key West's licensing framework, not someone making assumptions about rental income without verified facts.
Probably not for
- A buyer on a compressed timeline who needs to close and resell within a short window — the 121-day median days-on-market suggests that exit is not available quickly right now.
- A buyer stretching budget to reach the median price, with little reserve for the insurance premiums, flood mitigation, and maintenance costs that are non-negotiable in Monroe County.
- A buyer expecting the median price to function as a reliable ceiling or floor — in a four-closing sample, it is a signal, not a guarantee, and condition variance here is real.
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 ($488K) IS the median in the snapshot above, and the move from 2025 ($650K) IS the -25.0% one-year change.
Windows contain 3 to 8 sales each (4 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 SOLANA VILLAGE buying strategy.
If we were buying in SOLANA VILLAGE 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 SOLANA VILLAGE.
Reading a thin, correcting island market
Four closings in the measurement window is a thin dataset by any standard. That means the $487,500 median is directionally useful but not statistically robust — a single outlier transaction can move it meaningfully. Buyers should treat the median as a benchmark and lean hard on comparable-sale analysis at the individual property level, because condition, lot characteristics, and flood-zone designation can shift value significantly from one address to the next.
The 25 percent year-over-year decline in median price is the headline number sellers need to absorb. It does not erase the long-run appreciation since 2012, but it does mean that a seller pricing to last year's peak will sit. The 121-day median days-on-market confirms it: correctly priced properties in Key West still move, but the days of rapid, multiple-offer closings have receded in this community for now. Buyers who have done their homework on flood insurance, insurance availability broadly, and Monroe County's regulatory environment will be best positioned to act when the right property appears.
The location and the amenities are priced into every listing in SOLANA VILLAGE. 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 SOLANA VILLAGE 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 (4.6). Basis: Long-Term Appreciation +171% since 2012; Recent Direction -25.0% year-over-year; Pricing Power 90.7% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Solana Village's thin transaction volume means you cannot rely on automated signals or generalized market reports — you need someone who will pull and interrogate every comparable sale individually. Momentum's analytical approach is built for exactly this: we will tell you what the median means, what it does not mean, and where the negotiating leverage actually sits in the current correction. If this community is not the right fit for your goals or timeline, we will say so before you spend time on it.
SOLANA VILLAGE 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 SOLANA VILLAGE 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 SOLANA VILLAGE sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in SOLANA VILLAGE, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your SOLANA VILLAGE home worth?
Get a no-obligation home value based on real comparable sales in SOLANA VILLAGE, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in SOLANA VILLAGE on the map →
Frequently Asked Questions
What is the median home price in SOLANA VILLAGE?
How long do homes in SOLANA VILLAGE take to sell?
Do cash buyers compete in SOLANA VILLAGE?
Have SOLANA VILLAGE home prices gone up?
Who is the best real estate agent for SOLANA VILLAGE?
How do I find a top Key West real estate agent who knows SOLANA VILLAGE?
Can Momentum Realty connect me with an agent for SOLANA VILLAGE?
Should you buy in SOLANA VILLAGE?
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 1998 (138 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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