Key West, FL 33040 Housing Market
- Active listings60currently for sale
- Pending sales27under contract
- Median asking price$1,380,000current listings
- Inventory age31 daysmedian time the current active listings have been on the market
- Closed sales tracked (6 mo)418a tracked sample, not a market total
- Median sold price$1,000,000last 6 months
- Middle half of sold prices$675k to $1.8M25th to 75th percentile
What the numbers say
As of August 26, 2026, Resideline is tracking 60 active listings and 27 pending sales in ZIP code 33040. That pending-to-active ratio of 0.45 points to a competitive market: a meaningful share of the inventory is already under contract.
The median asking price of current listings is $1,380,000, while the median of the 418 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. 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 $1,000,000 over the last six months, based on 418 closed sales tracked by Resideline. The middle half of those sales ranged from $675,000 to $1,800,000.
Is 33040 a buyer's or seller's market?
Resideline is currently tracking 27 pending sales against 60 active listings in 33040, a pending-to-active ratio of 0.45. 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 competitive market.
Nearby ZIP code market data
- 32092 Saint Augustine, FL
- 32259 Saint Johns, FL
- 34293 Venice, FL
- 34219 Parrish, FL
- 34771 Saint Cloud, FL
- 34787 Winter Garden, FL