The Key West housing market is not very competitive. The median sale price of a home in Key West was $838K last month, down 16.3% since last year. The median sale price per square foot in Key West is $754, down 12.6% since last year.
What is the housing market like in Key West today?
In June 2025, Key West home prices were down 16.3% compared to last year, selling for a median price of $838K. On average, homes in Key West sell after 100 days on the market compared to 92 days last year. There were 33 homes sold in June this year, up from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$837,500
-16.3% YoY | Jun 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2025
Growth
% YoY
Key West, FL
$837,500
-16.3%
United States
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How hot is the Key West housing market?
Key West is not very competitive. Homes sell in 115.5 days.
0
100
9
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 116 days.
Hot homes
can sell for about 1% below list price and go pending in around 65 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Key West housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Key West.
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Key West has an extreme risk of flooding. 7,660 properties in Key West are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Key West. Flood risk is increasing slower than the national average.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Key West has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Key West is most at risk from hurricanes. 8,406 properties in Key West have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 234 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 253 mph.