$4,738 Closing Credit*
$399,000
1 Bed
•1 Full Bath
Giancarlo Espinosa, Listing Office: Virtual Realty Group FL Keys Inc
Housing Prices in Key West, FL
How much do homes in Key West, FL cost?
Median List Price
$1,199,000
$1,146/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$354,000(+41.9%)
Key Takeaway
The list price of homes in Key West has increased by 41.9% since last year.
Summary: The median home list price in Key West was $1,199,000 in October 2024, up 41.9% from the previous year, and the median price per square foot was $1,146.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $695K | +13.9% |
| 2 Bedrooms | $775K | $1.1M | +42.3% |
| 3 Bedrooms | $1.3M | $1.2M | -6.2% |
| 4 Bedrooms | $1.9M | $1.7M | -9.9% |
| 5+ Bedrooms | $5.9M | - | N/A |
Summary: Key West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 42.3%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes did not change.
Housing Supply in Key West, FL
How many homes are available in Key West, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Key West real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Key West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 467 Days | 280 Days | -39.9% |
Summary: Homes in Key West had an average listing age of 280 days in Oct 2024, down by 39.9% compared to the previous year.
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