Compared with a year ago, home values in Key West have edged down, with the rolling three-month typical home value falling about 18 percent. Median list prices are also lower year over year by roughly 8 percent, indicating sellers are adjusting expectations. Even with softer pricing, homes sold have increased about 5 percent and pending sales are up more than 8 percent from last year, pointing to steady demand.
Looking at the latest rolling three-month period ending in September 2026, buyers are finding more time and options. Median days on market sit at 143 days, down slightly from last year but still signaling longer selling timelines that favor negotiation.
Inventory conditions continue to shift as well. Active listings are down about 7 percent year over year, yet months of supply has eased to 8.1 months, slightly below last year’s level and consistent with a cooler seller’s market. Only about 1 percent of homes recently sold above asking price, while the average sale-to-list ratio hovers around 94 percent, suggesting buyers often secure homes below list. With these nuances in pricing, pace, and inventory, both buyers and sellers in Key West can benefit from an Agent Pronto–recommended real estate agent who understands how to navigate this evolving market.
