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Key West, FL 33040 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Key West, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 132132PendingPending sales: 1010
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): $900k$900kSoldMedian sold price (last 6 months): $1M$1M
What homes actually sell for in Key West, FL
Distribution of 398 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $660k to $1.72M
$358k to $850k: 137 sales137sales$358k$850k to $1.34M: 97 sales$1.34M to $1.84M: 51 sales$1.34M$1.84M to $2.33M: 22 sales$2.33M to $2.82M: 19 sales$2.33M$2.82M to $3.31M: 20 sales$3.31M to $3.81M: 4 sales$3.31M$3.81M to $4.3M: 8 salesMedian $1M

What the numbers say

As of September 14, 2026, Resideline is tracking 132 active listings and 10 pending sales in ZIP code 33040. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $899,500, while the median of the 398 closed sales Resideline tracked over the last six months was $1,000,000. 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. Resideline has been seeing the median active listing in 33040 for 109 days.

Frequently asked questions

What is the median home price in 33040?

The median closed sale price in Key West, FL 33040 was $1,000,000 over the last six months, based on 398 closed sales tracked by Resideline. The middle half of those sales ranged from $660,000 to $1,725,000.

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

Resideline is currently tracking 10 pending sales against 132 active listings in 33040, a pending-to-active ratio of 0.08. 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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