Photo: Radomianin · CC BY-SA 4.0405 homes sold in Key West in the last year, at a typical $1.2M
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 Key West homes are listed.
Every place Key West 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 Key West.
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.
18% of Key West’s sales are condos, at $851K less than a house
238 houses and 73 condos sold in the year to May 2026. Houses sell faster.
typical sale · 238 sold in 12 months
- Per square foot
- $1,021FL $245
- Days to sell
- 141
- Sold over asking
- 3%
- Listings with a price cut
- 25%
typical sale · 73 sold in 12 months
- Per square foot
- $908FL $262
- Days to sell
- 165
- Sold over asking
- 3%
- Listings with a price cut
- 20%
Multi-family (2–4 units): 31 sold, typical $1.1M
Townhouses: 63 sold, typical $920K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at twice the 2016 price
405 sales in the last year, against 893 in 2021 and a low of 383 in 2023. The typical sale went from $562K in 2016 to $1.2M.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $1.2M buys in Key West
Check a listing against what Key West 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 Key West are back to pre-pandemic levels, with about as many homes for sale
We read every month of Key West’s home sales since 2012 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, 405 sales.
If you’re buying in Key West
- Shop in January. It brings about 76 new listings a month, close to the busiest month, with fewer bidding wars (9% over asking).
- Offer under asking. Buyers paid 94.3% of the list price on average; 3% paid over.
- You’ll usually have time. Only 18% of homes go under contract within two weeks; the typical one takes 142 days.
Winter brings both the most homes and the most bidding wars
January has the most new listings (about 76 a month), but February is the most competitive: 12% of February sales close over asking. December has the least competition (6%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Florida
| Key West now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 3% | 5% | 13% | 10% |
| Gone within two weeksShare of homes under contract within 14 days | 18% | 3% | 18% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | — | 9% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 94.3% | 95.5% | 97% | 96.3% |
| Days to sellMedian days from listing to contract | 142 | 155 | 87 | 76 |
291 homes for sale on a typical day
That’s 1.9 times the 2022 low (154) and 10% more than in 2017–19.
1 in 4 listings has cut its price
23% in the last year, against — in 2017–19 and 28% across Florida.
Since 2019, houses are up 109%, condos 44%
A house typically sold for $1.6M in the last year (238 sales), a condo for $761K (73).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Key West ranks 487th of 534 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Key West is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Key West home costs about $6,652 a month
Price: Key West’s typical sale, last 12 months. Property tax at Key West’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Key West is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in January
The month with the most choice. September has the fewest, about 35.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $1.2M home, about $6,130 a year.
Taxes vs. neighborsSchools
The schools grade for Key West, from test results, graduation and how much students grow.
Schools in Key WestTypical commute
The average one-way trip to work for people who live in Key West.
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.
Big Coppitt Key and Cudjoe Key sell for less a square foot
The busier markets within 25 miles of Key West, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Key West | 405 | $1.2M | $893 | 3% | 142 |
| Cudjoe Key | 59 | $1.1M | $772 | 3% | 127 |
| Big Coppitt Key | 30 | $956K | $705 | 0% | 124 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Key West, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Key West. People who follow the town see it, and so do people comparing Key West with their own town. No commission, no listing fee.
Questions about buying a home in Key West
What do homes sell for in Key West, FL?
405 homes sold in the year to May 2026 at a typical $1.2M, $893 a square foot. Houses sold for about $1.6M, condos for about $761K.
Is Key West a buyer’s or seller’s market?
A buyer’s market: 268 homes were for sale in May 2026 and 42 sold, about 6.4 months of supply. Buyers paid 94.3% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Key West?
January brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Key West?
About 0.5% of a home’s value a year. On a $1.2M home that’s near $6,130.
Where can I see homes for sale in Key West?
Zillow, Redfin, Realtor.com and Homes.com all carry Key West’s MLS listings; the search links above open each one filtered to Key West.
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).