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Key West, FL 33040 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Key West, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 134134PendingPending sales: 66
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): $1.17M$1.17MSoldMedian sold price (last 6 months): $1.05M$1.05M
What homes actually sell for in Key West, FL
Distribution of 359 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $680k to $1.72M
$340k to $835k: 115 sales115sales$340k$835k to $1.33M: 97 sales$1.33M to $1.82M: 47 sales$1.33M$1.82M to $2.32M: 20 sales$2.32M to $2.81M: 17 sales$2.32M$2.81M to $3.31M: 18 sales$3.31M to $3.8M: 2 sales$3.31M$3.8M to $4.3M: 8 salesMedian $1.05M

What the numbers say

As of October 5, 2026, Resideline is tracking 134 active listings and 6 pending sales in ZIP code 33040. That pending-to-active ratio of 0.04 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $1,167,000, while the median of the 359 closed sales Resideline tracked over the last six months was $1,050,000. 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 122 days.

Frequently asked questions

What is the median home price in 33040?

The median closed sale price in Key West, FL 33040 was $1,050,000 over the last six months, based on 359 closed sales tracked by Resideline. The middle half of those sales ranged from $680,000 to $1,725,000.

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

Resideline is currently tracking 6 pending sales against 134 active listings in 33040, a pending-to-active ratio of 0.04. 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

Full Key West, FL housing market report →

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