#614581, Jimmy R Lane, Listing Office: Island Life Realty Experts
Key West Housing Market Report March 2025•Monroe County, Florida
Housing Prices in Key West, FL
How much do homes in Key West, FL cost?
Housing Market Conditions
Is Key West, FL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Key West is a Buyer's Market
Difference Since March 2024
At the same time last year, Key West was a Seller's Market.
Key West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Key West have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Key West was $1,050,000 in March 2025, down 4.5% from last year, and the median price per square foot was $861.
Median Sold Price By Bedrooms
Beds | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $575K | $620K | +7.8% |
22 Bedrooms | $875K | $852.5K | -2.6% |
33 Bedrooms | $1.2M | $1.2M | -1.7% |
44 Bedrooms | $1.6M | $1.8M | +8.0% |
55+ Bedrooms | $2.6M | $3.6M | +38.5% |
Summary: Key West housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +7.8%. The home price for 2 bedroom homes decreased by -2.6%. The home price for 3 bedroom homes decreased by -1.7%. The home price for 4 bedroom homes increased by +8.0%. The home price for 5 bedroom homes increased by +38.5%.
How does Key West, FL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Key West, FL
Housing supply in Key West, FL
How many homes are available in Key West, FL?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
564Last MonthMar 2025 | ||
5162 months agoFeb 2025 | +9.3 % Change MoMFeb – Mar |
Summary: The Key West real estate market had 564 homes for sale in Mar 2025, a 9.3 % increase compared to Feb 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
52Last MonthMar 2025 | ||
522 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 36 | 38 | +5.6% |
22 Bedrooms | 156 | 178 | +14.1% |
33 Bedrooms | 180 | 201 | +11.7% |
44 Bedrooms | 83 | 78 | -6.0% |
55+ Bedrooms | 61 | 69 | +13.1% |
Summary: Key West housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +5.6%. The inventory for 2 bedroom homes increased by +14.1%. The inventory for 3 bedroom homes increased by +11.7%. The inventory for 4 bedroom homes decreased by -6.0%. The inventory for 5 bedroom homes increased by +13.1%.
Asking Price vs. Sold Price
How much do homes in Key West, FL cost?
Over Asking Price5 Homes
At Asking Price6 Homes
Under Asking Price41 Homes
If you're buying a home in Key West, you may be able to get a good deal. 78.8% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Key West in March 2025, the same as the previous month. Of the 52 sold homes, 79% were sold under asking, 12% were sold at asking, and and 10% were sold over asking.
Days on Market for Key West, FL
How long does it take to sell a home in Key West, FL?
Breakdown of Home Sale Times
Under 30 Days14 Homes
30 – 90 Days12 Homes
Over 90 Days22 Homes
Most homes in Key West are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2025, 52 homes were sold in Key West; 27% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
96 DaysThis YearMar 2025 | ||
78 Days1 year agoMar 2024 | +22.8 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Key West had an average listing age of 96 days in Mar 2025, up by 22.8% compared to the previous year.
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Newest Listings in Key West, FL
What homes are available in Key West, FL?
Nearby markets
Nearby markets aren't available for Key West, FL
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MLS Disclaimers and Copyright
Based on information from Key West MLS, Marathon and Lower Keys Association of REALTORS® Inc. MLS, Beaches MLS, Miami MLS, and Florida Keys MLS for the period 04/01/2023 - 04/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/10/2025, 8:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.