Data as of February 2026. Source: Realtor.com.
The KEY WEST, FL real estate market (33040) currently shows 443 active listings, with 83 pending sales. Homes are averaging 80 days on the market before going under contract.
Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 80 days on market compared to 65 days last year.
The median listing price has fallen 12.2% year-over-year, from $1,546,000 to $1,357,250.
Whether you are buying or selling in KEY WEST, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 36,379 · Density: 792.5/mi² · Median household income: $80,069
Typical home value: $765,571 · Homeownership: 47.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 33040 | Key West, FL 33040 | 0.0 mi | 394 | $781,799,228 | $1,395,000 | $1,984,262 |
| 33043 | Big Pine Key, FL 33043 | 25.9 mi | 88 | $116,370,496 | $975,000 | $1,322,392 |
| 33051 | Key Colony Beach, FL 33051 | 46.6 mi | 64 | $127,208,960 | $1,362,500 | $1,987,640 |
| 33036 | Islamorada, FL 33036 | 73.4 mi | 149 | $647,471,156 | $2,574,500 | $4,345,444 |
| 33187 | Miami, FL 33187 | 98.9 mi | 98 | $169,837,822 | $869,000 | $1,733,039 |
| 33194 | Miami, FL 33194 | 104.8 mi | 15 | $10,290,405 | $569,000 | $686,027 |
As of February 2026, there are 443 active listings in KEY WEST, FL (zip code 33040), compared to 447 the prior year.
The median listing price in KEY WEST, FL 33040 is $1,357,250 as of February 2026, a 12.2% decrease from $1,546,000 the prior year.
Homes in KEY WEST, FL 33040 spend an average of 80 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of February 2026, KEY WEST, FL 33040 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 80 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in KEY WEST, FL 33040 save an estimated $27,145 compared to a typical 5% commission on the median listing price of $1,357,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.