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Key West, FL 33040 Housing Market

Data snapshot: August 3, 2026. Closed-sale window: last 6 months.
Key West, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.30
ActiveActive listings: 7373PendingPending sales: 2222
Key West, FL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $1.26M$1.26MSoldMedian sold price (last 6 months): $1.02M$1.02M
What homes actually sell for in Key West, FL
Distribution of 431 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $680k to $1.82M
$425k to $897k: 150 sales150sales$425k$897k to $1.37M: 97 sales$1.37M to $1.84M: 57 sales$1.37M$1.84M to $2.31M: 28 sales$2.31M to $2.78M: 19 sales$2.31M$2.78M to $3.26M: 21 sales$3.26M to $3.73M: 8 sales$3.26M$3.73M to $4.2M: 8 salesMedian $1.02M

What the numbers say

As of August 3, 2026, Resideline is tracking 73 active listings and 22 pending sales in ZIP code 33040. That pending-to-active ratio of 0.30 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 431 closed sales Resideline tracked over the last six months was $1,025,000. 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 36 days.

Frequently asked questions

What is the median home price in 33040?

The median closed sale price in Key West, FL 33040 was $1,025,000 over the last six months, based on 431 closed sales tracked by Resideline. The middle half of those sales ranged from $680,000 to $1,825,000.

Is 33040 a buyer's or seller's market?

Resideline is currently tracking 22 pending sales against 73 active listings in 33040, a pending-to-active ratio of 0.30. 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.

Nearby ZIP code market data

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