Homes for sale in
Key West, Florida
Island living at the end of the road
1
Homes for sale
$599,000
Median list price
$560
Avg price / sqft
1
Median days on market
Key West is the last stop on the Overseas Highway, a walkable island town where Old Town's conch houses give way to the more residential streets of New Town. Life here runs on bikes, boats, and porch conversations rather than commutes — the whole island is only a few miles end to end. It's the kind of place where you can live full-time or keep a warm-weather base and rent it out when you're away.
Inventory is famously tight, and right now that's an understatement: there's exactly one active listing across the single-family homes and condo market at $599,000, while homes that sold over the past year traded at a median of $817,000. If you're serious, watch the just reduced and open houses this week feeds closely — and consider broadening your search across the rest of Monroe County. When something right comes on, you'll need to move fast.
Key West is in Monroe County, Florida.
Quick facts
$599,000 – $599K price range
1,069 sqft median home
Fresh on the market
Newest homes in Key West
View all 1 homes →Find your fit
Most popular Key West searches
The numbers that matter
The Key West market
16
Sold, last 12 months
$817,000
Median sold price
95%
Sale-to-list ratio
What sellers actually get vs asking
147 days
Median time to sell
Key West vs Monroe County
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 20.1% yr/yr
Homes on the market
Homes sold per month
Live Stellar MLS data — listings and closed sales in Key West, FL. Rolling medians smooth single-month swings in thin markets.
Where to look
Key West neighborhoods
Show all 17 Key West neighborhoods A–ZHide the full neighborhood list+
Neighborhood boundaries by edgeAI — listings matched to the actual polygon, not agent-entered subdivision names.
Beyond the listings
Living in Key West
End-of-the-highway location
Key West sits at the southern tip of the Florida Keys, roughly 160 miles past Miami on the Overseas Highway.
Walk-and-bike island scale
The whole island is only a few miles across, so most errands happen on foot, by bike, or by scooter.
Extremely tight inventory
There's currently just one active listing on the market, which keeps well-priced homes moving quickly.
Sellers hold the leverage
Homes sold over the last year fetched about 95% of asking price, and the lone active listing went pending-ready in a single day.
Condo-heavy entry point
The active market is all condominiums right now, with a median HOA around $662 a month covering shared island upkeep.
Population
25,824
Median age
46.5
Median income
$78,532
Median home value
$816,300
What people here are into
Hobbies & Interests
Top 2% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Pieces of History
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Lifestyles
Top 16% in the U.S.Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Entertainment
Top 19% in the U.S.Lighthearted Fun
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Entertainment
Top 20% in the U.S.Live & Local Music
This population follows the music. From local bands to current acts at the local venue, you can find these people researching band tours and how to get backstage passes.
Hobbies & Interests
Top 21% in the U.S.Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
What it really costs
Owning here
Owning the median Key West home
≈ $4,405/mo
$599,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
100%
In a FEMA flood zone
Ask about flood insurance early — it changes the payment
Straight answers
Key West real estate FAQs
Is Key West a good place to live?+
For people who want a walkable, boat-friendly island lifestyle year-round, it's hard to beat — the town is only a few miles across, so daily life leans on bikes and short strolls. Families are typically zoned to Horace O'Bryant School. It suits both full-time residents and those keeping a seasonal base.
Is Key West expensive?+
Yes — it's one of Florida's priciest markets, with an average of about $560 per square foot and homes selling at a median of $817,000 over the past year. The single active listing is $599,000, but that's a small condo at 1,069 square feet. Budget accordingly and expect competition.
What do homes cost in Key West?+
The one home currently listed sits at $599,000, while sales over the last 12 months landed at a median sold price of $817,000. Across the broader Monroe County market you'll find a wider range of price points if the Key West selection feels thin.
How is the Key West housing market?+
It's tight and fast — 16 homes sold in the past year against just one active listing today, and that listing showed a median of only one day on market. Sellers averaged 95% of their asking price, so lowball offers rarely land here.
What about HOA fees and property taxes?+
The active condo carries an HOA of about $662 per month, which is typical for the shared-building upkeep that dominates the current inventory. Median property taxes run around $4,520 a year, though your figure depends on assessed value and any homestead exemption.
Keep exploring
Nearby areas
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.
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