Data Analysis
Monroe County had 173 condos for sale and 14 under contract or pending on October 28, 2026, about 12.4 to 1, against 6.9 to 1 for single-family homes.
Our Florida Keys MLS map showed 173 active condos at a median $699,000 on October 28. Only 2 condos went under contract from October 14 to 27.
Our live Florida Keys MLS map showed 173 active condos and 14 condos under contract or pending in Monroe County on October 28, 2026, about 12.4 listings for every condo in a contract. Single-family homes ran at 735 active against 106 under contract, about 6.9 to 1, and townhouses at 91 against 16. From October 14 to 27, the feed logged 13 new condo listings, 11 condo price cuts and 2 condos going under contract. All figures are ours, computed from Florida Keys MLS records; information is deemed reliable but not guaranteed.
This piece covers condos only. Our October 23 article on Florida Keys new listings and price cuts covers the wider listing flow, our October 27 piece on the Citizens flood insurance requirement covers a coming cost change, and the Florida Keys median price article covers the completed month. The full series is on the Florida Keys market data hub.
How many condos are for sale in the Florida Keys?
Condos are a small slice of Keys inventory, and they are moving slowest. The median active condo on October 28 was priced at $699,000 and had been listed 108 days, against 99 days for the median single-family listing. Of the 173 active condos, 50 had been listed 180 days or more and 12 had been listed a year or more.
By place, the live map showed:
| Place | Active condos | Under contract or pending | Median asking price | Median days listed |
|---|---|---|---|---|
| Key West | 54 | 7 | $854,000 | 114.5 |
| Key Largo | 35 | 1 | $694,000 | 110 |
| Marathon | 33 | 2 | $625,000 | 76 |
| Plantation Key | 18 | 1 | $627,500 | 168.5 |
| Key Colony | 14 | 2 | $699,500 | 98.5 |
| Islamorada (Upper Matecumbe Key) | 8 | 1 | $549,750 | 107 |
| Duck Key | 7 | 0 | $785,000 | 148 |
Source: Momentum Research, computed from Florida Keys MLS records, live map snapshot, October 28, 2026. Places follow the listing address. Deemed reliable but not guaranteed.
Key West holds half of the condos under contract, 7 of 14, at about 7.7 active per contract. Key Largo had 35 active condos and 1 under contract. Recent prices for each place are on the Key West, Key Largo, Marathon, Plantation Key and Duck Key market pages.
What price range are Keys condos listed in?
| List price band | Active condos | Under contract or pending |
|---|---|---|
| Under $500,000 | 33 | 3 |
| $500,000 to $749,999 | 71 | 4 |
| $750,000 to $999,999 | 35 | 3 |
| $1 million and above | 34 | 4 |
Source: Momentum Research, computed from Florida Keys MLS records, live map snapshot, October 28, 2026. Deemed reliable but not guaranteed.
The $500,000 to $749,999 band holds 41 percent of active condos and has the thinnest contract count against its size, about 18 active per contract. Condos under contract had a median list price of $809,500.
How fast are Keys condos going under contract?
Condo activity slowed through October. The feed recorded 2 condos moving from active to under contract from October 14 to 27, against 6 from September 30 to October 13. New condo listings fell to 13 from 22 over the same windows, and price cuts held at 11 in each.
The cuts were small. The median condo cut from October 14 to 27 was 1.7 percent, or $8,500, and none reached 10 percent. Key West had 4 of the 11 cuts and Marathon had 3.
How did Keys condos sell in September?
Our September Florida Keys Market Pulse, with closings through October 24, counted 21 condo sales in Monroe County at a median price of $550,000, 10.1 percent below September 2025. The median condo sold in 69 days at 93.2 percent of its original list price, and 76 percent of condo sales closed below list price. The same report counted 102 single-family sales at a median $1,290,000.
With 21 sales, the median moves with the mix of buildings that closed, so the year-over-year change is only a rough guide to values.
What does this mean for condo buyers and sellers in the Keys?
For buyers, the numbers describe wide choice: about 12 active condos for each one in a contract, and more than a quarter of listings on the market six months or longer. For sellers, competition from other listings in the same building or island is the main pricing factor, and cuts so far have been modest.
Costs weigh on condo budgets. Association reserves and assessments are covered on our Florida condo special assessments and Florida condo distress tracker pages. Insurance figures are on the Key West, Key Largo, Marathon and Islamorada home insurance cost pages.
People also ask
How many condos are for sale in the Florida Keys?
Our live Florida Keys MLS map showed 173 active condos and 14 under contract or pending in Monroe County on October 28, 2026. The median active condo was priced at $699,000 and had been listed 108 days.
Are Key West condo prices dropping?
Key West had 54 active condos at a median asking price of $854,000 on October 28, 2026, with 7 under contract. Across Monroe County, the September 2026 median condo sale price was $550,000 on 21 sales, 10.1 percent below a year earlier, in our Florida Keys Market Pulse.
How long do condos take to sell in the Keys?
The median active condo on our live map on October 28, 2026 had been listed 108 days. Condos that sold in September 2026 had a median 69 days on market and closed at 93.2 percent of their original list price.
Limitations
Window counts come from the change log of our live Florida Keys MLS feed, which records a change when our refresh sees it. A listing that changed more than once in a category within a window is counted once, and a change that happened and reversed between refreshes may be missed. Property type comes from the listing's MLS field; townhouses are counted separately from condos. Contract counts are listings moving from active to under contract or pending and can differ from the monthly contract figures in the Market Pulse. Active and pending counts are a live map snapshot and can differ from inventory counts in monthly reports. The condo counts are small, so single listings move the ratios. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.
Sources and links
- Momentum Research, computed from Florida Keys MLS records (listing change log, September 30 to October 27, 2026; live map snapshot, October 28, 2026). Listing data provided by Florida Keys MLS, Inc. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
- Momentum Research, September 2026 Florida Keys Market Pulse, closings through October 24, 2026.
- Full monthly series and per-feed attribution: Florida Keys market data
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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