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Is Key West, FL 33040 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Key West is a buyer’s market. With about 7.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.4Under 4 months = seller’s market

Sold above original list2.7%Share of sales, last 3 months

Median sale-to-list95.5%Sold price ÷ list price

Median days on market141Listing to accepted offer

Median price per sq ft$824▼ −0.3% vs. last year

Run the numbers for 33040

Prefilled for 33040Can I win this house?Multiple-offer likelihood for a listing Prefilled for 33040Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Big Pine Key 33043Buyer’s market $651 /sq ft Islamorada 33036Buyer’s market $728 /sq ft Key Colony Beach 33051Seller’s market $663 /sq ft Key Largo 33037Buyer’s market $582 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology