Key West, FL Housing Market
The Key West housing market is not very competitive. The median sale price of a home in Key West was $1.3M last month, up 8.7% since last year. The median sale price per square foot in Key West is $831, down 4.3% since last year.
Key West Housing Market Trends
In July 2025, Key West home prices were up 8.7% compared to last year, selling for a median price of $1.3M. On average, homes in Key West sell after 135 days on the market compared to 107 days last year. There were 31 homes sold in July this year, down from 33 last year.

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How hot is the Key West housing market?
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 6% below list price and go pending in around 141 days.
- Hot homescan sell for about 1% below list price and go pending in around 78 days.
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 6 months
- Multiple offers are rare.
- The average homes sell for about 8% below list price and go pending in around 114 days.
- Hot homescan sell for about 5% below list price and go pending in around 69 days.
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 12 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 78 days.
- Hot homescan sell for about 1% below list price and go pending in around 57 days.
Key West Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Key West from outside metros.
- New York homebuyers searched to move into Key West more than any other metro followed by Washington and San Francisco.
- 69% of Key West homebuyers searched to stay within the Key West metropolitan area.
- Cape Coral was the most popular destination among Key West homebuyers followed by Orlando and Jacksonville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 5,266 | ||
2 | 1,654 | ||
3 | 1,568 | ||
4 | 1,305 | ||
5 | 954 | ||
6 | 913 | ||
7 | 628 | ||
8 | 164 | ||
9 | 125 | ||
10 | 105 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 2,706 | ||
2 | 2,136 | ||
3 | 1,082 | ||
4 | 1,025 | ||
5 | 981 | ||
6 | 894 | ||
7 | 792 | ||
8 | 641 | ||
9 | 556 | ||
10 | 379 |
View houses in Key West that sold recently
Recently sold homes
- $287,000 Last Sold Price1 bed1 bath536 sq ft201 Coppitt Rd Unit 103A, Key West, FL 33040List Price$295,000Sale to List3% under listDays on Market295 days201 Coppitt Rd Unit 103A, Key West, FL 33040
- $835,000 Last Sold Price2 beds1 bath604 sq ft620 Thomas St #190, Key West, FL 33040List Price$855,000Sale to List2% under listDays on Market225 days620 Thomas St #190, Key West, FL 33040
- $765,000 Last Sold Price3 beds2.5 baths1,536 sq ft255 Mars Ln, Key West, FL 33040List Price$859,000Sale to List11% under listDays on Market101 days255 Mars Ln, Key West, FL 33040
- $712,000 Last Sold Price3 beds2 baths1,087 sq ft24 Jade Dr #14, Key West, FL 33040List Price$749,000Sale to List5% under listDays on Market56 days24 Jade Dr #14, Key West, FL 33040
- $470,000 Last Sold Price3 beds2 baths828 sq ft7 Ed Swift Rd, Key West, FL 33040List Price$499,000Sale to List6% under listDays on Market213 days7 Ed Swift Rd, Key West, FL 33040
- $525,000 Last Sold Price4 beds2 baths1,620 sq ft304 Pisces Ln, Key West, FL 33040List Price$563,000Sale to List7% under listDays on Market574 days304 Pisces Ln, Key West, FL 33040
- $463,125 Last Sold Price3 beds2.5 baths1,274 sq ft44 7Th Ave, Key West, FL 33040List Price$463,175Sale to List0% under listDays on Market170 days44 7Th Ave, Key West, FL 33040
- $1,500,000 Last Sold Price2 beds2.5 baths1,360 sq ft1209 Grinnell St Unit G, Key West, FL 33040List Price$1,599,000Sale to List6% under listDays on Market119 days1209 Grinnell St Unit G, Key West, FL 33040
See all recently sold homes in Key West.
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Schools in Key West
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Poinciana Elementary School Public • PreK-5 | 570 Students | 11 reviews |
4/10 Horace O'bryant School Public • PreK-8 | 1014 Students | 3 reviews |
2/10 Gerald Adams Elementary School Public • PreK-5 | 669 Students | 2 reviews |
NR Adult/Vocational/Community Education Public • N/A | - Students | N/A |
NR Monroe Virtual Instruction Program Public • K-12 | 7 Students | N/A |
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
Flood Factor

Fire Factor - Minimal
Fire Factor

Wind Factor - Extreme
Wind Factor

Wind likelihood over time
Heat Factor
Transportation in Key West
Walk Score®
Bike Score®
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