Housing Prices in Key West, FL
How much do homes in Key West, FL cost?
Median List Price
$1,149,900
$1,153/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Key West has increased by 39.8% since last year.
Summary: The median home list price in Key West was $1,149,900 in May 2024, up 39.8% from the previous year, and the median price per square foot was $1,153.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $695K | $610K | -12.2% |
| 2 Bedrooms | $752.5K | $978.5K | +30.0% |
| 3 Bedrooms | $949.2K | $1.3M | +40.4% |
| 4 Bedrooms | $1.9M | $1.9M | 0.0% |
| 5+ Bedrooms | $2.1M | $3.5M | +65.0% |
Summary: Key West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 40.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 65%.
Housing Supply in Key West, FL
How many homes are available in Key West, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Key West real estate market had 17 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Key West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Key West, FL
How long does it take to sell a home in Key West, FL?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 345 Days | 241 Days | -30.0% |
Summary: Homes in Key West had an average listing age of 241 days in May 2024, down by 30% compared to the previous year.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.