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Market Intelligence · FL / Monroe County

Key West, FL home prices and housing market

1 ZIP market liveData updated September 2026Typical value$957K1-yr changeUp0.1%

The typical home value in Key West, FL is $957K as of September 2026, up 0.1% from a year ago, based on the Zillow Home Value Index. In the typical Key West ZIP code, the median list price is $1.17M and homes spend a median of 115 days on market as of September 2026 (Realtor.com).

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The coverage

Key West, by the numbers.

Typical home valueZillow ZHVI, September 2026
$957K
1-yr changeMedian across Key West ZIPs
+0.1%
ZIP markets live3 tracked in Key West
1
County
Monroe County

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12-month value trend

+0.1% over 12 months

Typical home value in Key West over the last 12 months: $956K in Sep 2025 to $957K in Sep 2026 (+0.1%).

Sep 2025$956K

Sep 2026$957K

Median Zillow home value index across Key West's ZIP codes.

Context

Key West's housing market is stable but slow-moving. Typical home values in the city sit at $956,836, having gained just 0.1% over the past year as of September 2026. There are 263 homes for sale with a median list price of $1,167,000. New inventory is light, with only 34 new listings added in September 2026, and homes stay on the market for a median of 115 days. About 14.0% of listings carry a price cut. If you're thinking about selling, understand that this is a deliberate buyer's market where patience and realistic pricing matter more than speed.

The numbers

What is the housing market like in Key West, FL?

Typical home value

$957K

Up0.1%YoY

Median list price

$1.17M

Days on market

115

Homes for sale

263

Price cuts

14.0%

New listings

34

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Key West's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Key West, FL home prices over time

Typical home values in Key West, FL are up 0.1% over the past year, from $956K in September 2025 to $957K in September 2026.

Typical home value in Key West, FL, September of each year
MonthTypical value1-yr change
September 2026$956,836+0.1%
September 2025$955,805No prior year

Typical value is the median Zillow Home Value Index across Key West ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Key West, FL a buyer's or seller's market?

Key West, FL leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 115 days on market and 14% of listings with a price cut in the typical Key West ZIP code, and 34 new listings against 263 active listings across Key West, as of September 2026 (Realtor.com).

The outlook

Key West housing market forecast 2027

+0.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Key West ZIP code, points to typical home values rising 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in Key West rose 0.1%, per the Zillow Home Value Index.

Will home prices drop in Key West?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Key West shows typical home values rising 0.6% by September 2027, after a 0.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Key West ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Key West?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 3 Key West ZIP codes in total; the remaining 2 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Key West, FL home prices.

How much is a typical home worth in Key West?

The typical home value in Key West is $956,836 as of September 2026, up 0.1% over the past year.

How long do homes take to sell in Key West?

Homes in Key West have a median time on market of 115 days as of September 2026.

What is the median list price in Key West?

The median list price in Key West is $1,167,000 as of September 2026, with 263 homes currently for sale.

Are home prices going up or down in Key West, FL?

Typical home values in Key West, FL are up 0.1% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Key West, FL a buyer's or seller's market?

Key West, FL leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 115 days on market and 14% of listings with a price cut in the typical Key West ZIP code, and 34 new listings against 263 active listings across Key West, as of September 2026 (Realtor.com).

Nearby markets

More Florida housing markets.

The market is moving

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