Photo: formulanone · CC BY-SA 2.040 homes sold in Cedar Key in the last year, at a typical $366K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cedar Key homes are listed.
Every place Cedar Key homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cedar Key.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Cedar Key’s sales are condos, at $93K less than a house
27 houses and 13 condos sold in the year to May 2026. Condos sell faster.
typical sale · 27 sold in 12 months
- Per square foot
- $304FL $245
- Days to sell
- 219
- Sold over asking
- 4%
- Listings with a price cut
- 22%
typical sale · 13 sold in 12 months
- Per square foot
- $304FL $262
- Days to sell
- 125
- Sold over asking
- 0%
- Listings with a price cut
- 14%
About as many homes sell as usual, at 2.2 times the 2016 price
40 sales in the last year, against 76 in 2021 and a low of 22 in 2014. The typical sale went from $164K in 2016 to $366K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Cedar Key
Check a listing against what Cedar Key homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cedar Key are back to pre-pandemic levels, and more homes are for sale
We read every month of Cedar Key’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 40 sales.
If you’re buying in Cedar Key
- Shop in March. It brings about 6 new listings a month, close to the busiest month, with fewer bidding wars (2% over asking).
- Offer under asking. Buyers paid 93.3% of the list price on average; 3% paid over.
- You’ll usually have time. Only 9% of homes go under contract within two weeks; the typical one takes 187 days.
Spring brings the homes; fall brings the bidding wars
April has the most new listings (about 7 a month), but November is the most competitive: 7% of November sales close over asking. February and March offer nearly as much choice with fewer homes bid up (3%). July has the least competition (0%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Florida
| Cedar Key now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 3% | 2% | 8% | 10% |
| Gone within two weeksShare of homes under contract within 14 days | 9% | 2% | 4% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 18% | — | 5% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 93.3% | 92.1% | 94.6% | 96.3% |
| Days to sellMedian days from listing to contract | 187 | 206 | 109 | 76 |
38 homes for sale on a typical day
That’s 2.2 times the 2022 low (17) and 51% more than in 2017–19.
1 in 6 listings has cut its price
18% in the last year, against — in 2017–19 and 28% across Florida.
Since 2019, houses are up 57%, condos 61%
A house typically sold for $390K in the last year (27 sales), a condo for $296K (13).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cedar Key home costs about $2,179 a month
Price: Cedar Key’s typical sale, last 12 months. Property tax at Cedar Key’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cedar Key is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in April
The month with the most choice. October has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $366K home, about $3,230 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Cedar Key.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Cedar Key, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cedar Key. People who follow the town see it, and so do people comparing Cedar Key with their own town. No commission, no listing fee.
Questions about buying a home in Cedar Key
What do homes sell for in Cedar Key, FL?
40 homes sold in the year to May 2026 at a typical $366K, $302 a square foot. Houses sold for about $390K, condos for about $296K.
Is Cedar Key a buyer’s or seller’s market?
A buyer’s market: 35 homes were for sale in May 2026 and 4 sold, about 8.8 months of supply. Buyers paid 93.3% of asking on average, and 18% of listings cut their price.
When is the best time to buy in Cedar Key?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cedar Key?
About 0.9% of a home’s value a year. On a $366K home that’s near $3,230.
Where can I see homes for sale in Cedar Key?
Zillow, Redfin, Realtor.com and Homes.com all carry Cedar Key’s MLS listings; the search links above open each one filtered to Cedar Key.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).