Data Analysis
The Florida Keys single-family median rose 19.5% year over year to $1,237,000 in October 2026, while houses that sold twice gained a median 3.6% a year.
Our October Market Pulse: Keys median up 19.5% to $1,237,000, same-home resales up 3.6% a year, and $1M+ sales at 53% of closings.
The Florida Keys single-family median sale price rose 19.5% year over year to $1,237,000 in October 2026 on 104 closings, according to the October edition of our Florida Keys Market Pulse. Houses that sold twice told a calmer story: owners who had bought one to three years earlier gained a median 3.6% a year across 86 single-family resale pairs. A constant-mix reading, which holds the price-band mix steady, came in at 14.5%. Sales of $1 million and above made up 53.2% of all residential closings, up from 43.1% a year earlier. All figures come from the Market Pulse report, built by Momentum from Florida Keys MLS records; information is deemed reliable but not guaranteed.
Monthly median price, days on market and closed sales are on the Florida Keys market data hub. This article asks a narrower question: how much of the October jump came from individual homes gaining value, and how much came from which homes happened to sell.
Why did the Florida Keys median jump 19.5%?
A monthly median reflects whichever homes closed that month. In the Keys, where a single month has around 100 house sales, a shift of a dozen sales between price bands moves the median by six figures. October had that shift. Of 139 residential closings of all types, 74 sold for $1 million or more, against 59 of 137 in October 2025. Sales between $750,000 and $999,999 fell to 21 from 30, and sales under $500,000 fell to 13 from 18.
| Price band, all residential | October 2025 closings | October 2026 closings |
|---|---|---|
| Under $500,000 | 18 | 13 |
| $500,000 to $749,999 | 30 | 31 |
| $750,000 to $999,999 | 30 | 21 |
| $1,000,000 and above | 59 | 74 |
| Total | 137 | 139 |
Source: Momentum Market Pulse, Florida Keys, October 2026 edition. Deemed reliable but not guaranteed.
With more of the month's sales at the top, the median climbed even though the typical house did not gain anywhere near 19.5% in a year. The 2026 median has moved in a wide range: $1,045,000 in August, $1,290,000 in September and $1,420,700 in June.
How do the Florida Keys appreciation measures compare?
The October report publishes four readings of price change for the Keys:
| Measure | October 2026 reading |
|---|---|
| Single-family median sale price, year over year | +19.5% |
| Constant-mix median (price-band mix held steady) | +14.5% |
| Same house sold twice, bought 1 to 3 years earlier (86 single-family pairs) | +3.6% a year |
| Same house sold twice, bought 5 or more years earlier (435 pairs) | +7.5% a year |
Source: Momentum Market Pulse, Florida Keys, October 2026 edition. Deemed reliable but not guaranteed.
The same-home measure finds the identical property that sold one to three years ago and sold again in the last 12 months, then reports the median change per year of ownership. Because it compares a house with itself, the price-band mix does not move it. Long-term owners have done better: those who bought five or more years ago averaged 7.5% a year.
Where does Monroe County sit against its 2022 peak?
Monroe County recorded 100 single-family closings in October at a median $1,260,000, up 17.8% year over year and 7.2% above its 2022 peak, with a median 101 days on market. The regional single-family figure for the feed was 98.5 days, down 9.6% from a year earlier and up from 83.5 days in September. Buyers received a median 91.5% of the original list price and 94.9% of the final list price, and 2.9% of houses closed above list.
What does supply look like going into the winter season?
The Pulse counted 1,252 active residential listings as of November 11, 7.5 months of supply at the trailing sales pace, and 41.9% of active listings had cut their price. In October, 147 listings expired, were withdrawn or were canceled against 135 closings across all home types, so 52% of listings that left the market did not sell. The Momentum Market Score was 12 out of 100, up from 10 in September, labeled strong buyer advantage. Of the active listings, 658 were priced at $1 million or more, and 166 of October's 278 new listings were in that band.
Our recent pieces on Keys homes under $1 million, waterfront homes under contract and listing tax bills in Monroe County cover the listing side.
How fast did homes sell by Keys ZIP code?
The report's ZIP heat map covers all residential closings from August through October 2026. Cudjoe Key 33042 sold fastest at a median 63.5 days across 52 closings, and Key West 33040 took 65.5 days across 60 closings at a median $1,160,000. Marathon 33050 took 83.5 days, Big Pine Key 33043 took 96 days and Key Largo 33037 took 103 days. ZIP 33036, labeled Plantation Key in the report, was slowest at 121 days with a median $2,900,000. Place pages: Cudjoe Key and Summerland Key.
People also ask
Did Florida Keys home prices really rise 19.5% in a year? The October 2026 single-family median rose 19.5% to $1,237,000, but much of that came from more sales at $1 million and above. Houses that sold twice, bought one to three years earlier, gained a median 3.6% a year, according to the Momentum Market Pulse.
What is the median home price in the Florida Keys? The single-family median was $1,237,000 in October 2026 on 104 closings. Monroe County's single-family median was $1,260,000 on 100 closings.
Is the Florida Keys a buyer's market? The October Momentum Market Score was 12 out of 100, labeled strong buyer advantage, with 7.5 months of supply and 41.9% of active listings showing a price cut as of November 11, 2026.
How long does it take to sell a house in the Florida Keys? Single-family homes sold in a median 98.5 days in October 2026. By ZIP, from August to October, Cudjoe Key and Key West sold fastest at about 64 to 66 days and Key Largo took 103 days.
Limitations
The headline median, days on market and same-home figures are single-family; the price-band table and the failed-to-sell count cover all home types. Monthly Keys samples are small, so the median moves sharply with a few sales. Same-home pairs need a sale in the last 12 months and an earlier sale of the same parcel, so 86 pairs is a small set, and a home that was renovated or rebuilt between sales still counts as the same home. ZIP figures are trailing three months with ZIP labels as printed in the report. Information is deemed reliable but not guaranteed.
Sources
- Momentum Market Pulse, Florida Keys, October 2026 edition, Momentum Research report built from Florida Keys MLS records, updated November 11, 2026; every figure in this article is quoted from that report.
- Florida Keys market data hub, Momentum Research.
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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