Key West, FL Home Values & Market Trends
Real estate market trends reflect that there have been 651 transactions over the past year in Key West. The median value for residential home transactions that occurred over the previous year is $1,263,548. The number of current listings in Key West is 702, and the percentage of properties for sale in the city is 702.00%. Key West, FL currently has 47 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 702 properties for sale.
Key West, FL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 33040 | $ 1,256,774 $ 880/sqft |
Housing Market Summary for Key West, FL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $1.4M | $1.4M | 0.88% |
| Median Sold Price | $1.1M | $1M | -2.83% |
| Homes For Sale | 608 | 739 | 21.55% |
| Homes Sold | 308 | 214 | -30.52% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Key West, FL
Browse Homes in Key West, FL
Key West home values range from $277,719 to $22,106,212. The median estimated value of a home in Key West is $1,263,548. The median list price of a home is 1,450,000, and the total count of properties in the city is 993.
- Pre-ForeclosurePre-foreclosure homes account for 4.43% of all residential properties in Key West, FL with 33040 containing 44 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Key West, FL; of that zips, the estimated home value for pre-foreclosure homes ranges from $3,280,102 in 33040 to the lowest home value of $277,719 in 33040.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Key West, FL ranges from the highest value of $2,995,000 in 33040 to the lowest value of $2,995,000 in 33040. Bank owned homes and properties account for 0.10% of properties in Key West, FL. There is 1 zips within Key West, FL; 33040 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions33040 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Key West, FL. Auction homes and other auction properties account for 0.20% of all properties in Key West, FL. There is 1 zips within Key West, FL; of that zips, the median estimated home value for homes going to auction ranges from $999,455 in 33040 to the lowest value of $852,345 in 33040.
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Guide for Key West, FL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
