Key West, FL housing market: September 2026
What's happening in the Key West market right now.
Buyer's or seller's market?
Key West, FL leans toward a buyer's market: homes in Monroe County take a median of 114 days to sell, and the number for sale is +2.8% on a year ago. Buyers have room to negotiate; sellers should price carefully.
12-month outlook
−1.5% to +3% for the typical Key West home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, September 2026 · Zillow Observed Rent Index, September 2026 · Realtor.com county data, September 2026. Listing figures are for Monroe County as a whole.
Key West market — questions answered
What is the typical home value in Key West, FL?
$1.02M as of September 2026, +0.3% on a year earlier (Zillow Home Value Index).
Are home prices going up in Key West, FL?
Yes — the typical home value changed +0.3% over the year to September 2026 and +24.8% over five years.
Is Key West, FL a buyer's or seller's market?
It leans toward buyers: the median home in Monroe County sells in 114 days (Realtor.com, September 2026).
How much is rent in Key West, FL?
The typical rent is $3,563 a month as of September 2026, −9.8% on a year earlier (Zillow Observed Rent Index).
How many homes are for sale in Key West, FL?
1,163 homes were listed for sale across Monroe County in September 2026 (Realtor.com).
Who are the best real estate agents in Key West, FL?
Homegrity lists 561 licensed agents in Key West, each license verified against the state register. Placement is never bought. See them at /real-estate-agents/key-west.