Key West, FL Housing Market 2026: What Homes Actually Sell For

Key West produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 325
• •Median sold price, last 6 months: $1,119,000
• •Median sold $/sqft, last 6 months: $934
• •Middle half of sales closed between: $769,000 and $1,900,000

What the numbers say

Resideline tracked 325 closed sales in Key West over the last six months, with a median closing price of $1,119,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $769,000 and $1,900,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 324 closings with usable living area, the middle half sold between $659 and $1,275 per square foot.

Figures last updated September 6, 2026 from closings Resideline tracked.

Median home price in Key West, FL (September 2026)

The median home price in Key West is $1,119,000, measured across the 325 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $769,000 and $1,900,000.

Where Key West sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Key West over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $769,000 and $1,900,000. Among the 194 Florida markets with a published band, Key West's middle-half spread ($769,000 to $1,900,000) ranks 140th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 91st percentile of the 2,187 US markets in Resideline's national Market Watch set, on data as of September 4, 2026.

How long a sale takes here

• •Listed to under contract: a median of 87 days, across 147 Key West closings Resideline tracked in the last six months
• •Contract to closing: a median of 14 days, across 126 Key West closings Resideline tracked in the last six months

The Key West angle

Key West requires you to price the property rather than the city. Across 325 closings Resideline tracked over the last six months, the median closed sale price was $1,119,000, and the middle half of sales closed between $769,000 and $1,900,000. That spread sits in the widest tenth of the markets we track and it runs much further above the median than below it, so a subject in the upper half departs from $1,119,000 quickly. Match on the one or two attributes that most define your subject, then work outward if the surviving set is too small to trust.

Key West market data by ZIP code

Citywide medians hide block-by-block variation. Resideline publishes free, regularly refreshed market snapshots for Key West ZIP codes: 33040.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Key West address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Key West, FL
Geography: incorporated municipality, Census place 1236550
Data updated: September 2026
Analysis period: last six months
Tracked closings: 325
Median sold price: $1,119,000
Median sold $/sqft: $934 (324 qualifying)
https://resideline.com/blog/key-west-fl-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/key-west-fl-housing-market">
  <img src="https://resideline.com/images/embed/key-west-fl.png" alt="Key West, FL home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/key-west-fl-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Key West over the last six months, and is refreshed when the data is.