Key West, FL 33040 Housing Market
- Active listings79currently for sale
- Pending sales25under contract
- Median asking price$1,265,000current listings
- Inventory age31 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)430a tracked sample, not a market total
- Median sold price$1,100,000last 6 months
- Middle half of sold prices$695k to $1.9M25th to 75th percentile
What the numbers say
As of July 18, 2026, Resideline is tracking 79 active listings and 25 pending sales in ZIP code 33040. That pending-to-active ratio of 0.32 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $1,265,000, while the median of the 430 closed sales Resideline tracked over the last six months was $1,100,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. The median active listing in 33040 has been on the market for 31 days.
Frequently asked questions
What is the median home price in 33040?
The median closed sale price in Key West, FL 33040 was $1,100,000 over the last six months, based on 430 closed sales tracked by Resideline. The middle half of those sales ranged from $695,000 to $1,900,000.
Is 33040 a buyer's or seller's market?
Resideline is currently tracking 25 pending sales against 79 active listings in 33040, a pending-to-active ratio of 0.32. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 33040 currently looks like a balanced market.