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Key West, FL 33040 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Key West, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 125125PendingPending sales: 77
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): $1.1M$1.1MSoldMedian sold price (last 6 months): $1.04M$1.04M
What homes actually sell for in Key West, FL
Distribution of 307 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $650k to $1.65M
$336k to $834k: 98 sales98sales$336k$834k to $1.33M: 92 sales$1.33M to $1.83M: 37 sales$1.33M$1.83M to $2.33M: 15 sales$2.33M to $2.83M: 14 sales$2.33M$2.83M to $3.33M: 11 sales$3.33M to $3.83M: 1 sales$3.33M$3.83M to $4.32M: 8 salesMedian $1.04M

What the numbers say

As of October 26, 2026, Resideline is tracking 125 active listings and 7 pending sales in ZIP code 33040. That pending-to-active ratio of 0.06 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $1,100,000, while the median of the 307 closed sales Resideline tracked over the last six months was $1,042,500. 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 139 days.

Frequently asked questions

What is the median home price in 33040?

The median closed sale price in Key West, FL 33040 was $1,042,500 over the last six months, based on 307 closed sales tracked by Resideline. The middle half of those sales ranged from $650,000 to $1,650,000.

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

Resideline is currently tracking 7 pending sales against 125 active listings in 33040, a pending-to-active ratio of 0.06. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 33040 is currently a typical-pace market.

Nearby ZIP code market data

Full Key West, FL housing market report →

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