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Downtown Miami (Downtown) Grand Bay Key Colony Virginia Key

KEY BISCAYNE, FL 33149

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 33149

Downtown Miami (Downtown) · Grand Bay · Key Colony · Virginia Key

Market Analysis

Data as of February 2026. Source: Realtor.com.

The KEY BISCAYNE, FL real estate market (33149) currently shows 184 active listings, with 34 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 93 days on market compared to 86 days last year.

The median listing price has fallen 1.2% year-over-year, from $2,223,750 to $2,197,500.

Whether you are buying or selling in KEY BISCAYNE, 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.

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Market Context

Market Context

Population: 14,639  ·  Density: 1,200.4/mi²  ·  Median household income: $169,792

Typical home value: $1,313,910  ·  Homeownership: 65.1%

Market Overview

Active Listings
184
⇩ 7.1% vs 198 last year
Pending
34
18% pending ratio
Median Price
$2,197,500
⇩ 1.2% vs $2,223,750 last year
Average Price
$4,782,096
⇧ 7% vs $4,470,165 last year
Days on Market
93
⇧ 8.1% vs 86 days last year

Price Per Square Foot

Median $/sqft
$1,108
⇩ 0.4% vs $1,113/sqft last year
Median Home Size
1,806 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 184 this year vs 198 last year
  • Days on market: 93 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $2,197,500 (-1.2% YoY)
  • Average: $4,782,096 (+7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.4 miles — 5,900 listings ($12,482,068,152 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33149Key Biscayne, FL 331490.0 mi185$903,210,515$2,175,000$4,882,219
33131Miami, FL 331313.1 mi937$1,619,208,149$850,000$1,728,077
33132Miami, FL 331323.7 mi809$1,038,323,185$635,000$1,283,465
33139Miami Beach, FL 331394.2 mi1,368$3,447,187,632$529,500$2,519,874
33145Miami, FL 331455.0 mi162$163,434,834$856,350$1,008,857
33133Miami, FL 331335.1 mi411$1,521,364,587$1,999,000$3,701,617
33125Miami, FL 331256.3 mi145$81,749,550$499,500$563,790
33140Miami Beach, FL 331406.5 mi665$1,887,742,150$850,000$2,838,710
33146Miami, FL 331467.0 mi74$218,846,490$1,995,000$2,957,385
33142Miami, FL 331428.1 mi131$68,493,088$499,250$522,848
33141Miami Beach, FL 331418.8 mi724$1,278,325,532$550,000$1,765,643
33150Miami, FL 331509.2 mi128$91,970,432$589,500$718,519
33155Miami, FL 331559.4 mi161$162,212,008$829,000$1,007,528

Frequently Asked Questions

How many homes are for sale in KEY BISCAYNE, FL 33149?

As of February 2026, there are 184 active listings in KEY BISCAYNE, FL (zip code 33149), compared to 198 the prior year.

What is the median home price in KEY BISCAYNE, FL 33149?

The median listing price in KEY BISCAYNE, FL 33149 is $2,197,500 as of February 2026, a 1.2% decrease from $2,223,750 the prior year.

How long do homes stay on the market in KEY BISCAYNE, FL?

Homes in KEY BISCAYNE, FL 33149 spend an average of 93 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in KEY BISCAYNE, FL 33149?

Based on current inventory and days-on-market data as of February 2026, KEY BISCAYNE, FL 33149 is currently a Balanced Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 93 days on market compared to 86 days last year.

How much can I save on real estate commission in KEY BISCAYNE, FL?

With SELL123.com's maximum 3% commission, sellers in KEY BISCAYNE, FL 33149 save an estimated $43,950 compared to a typical 5% commission on the median listing price of $2,197,500. 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.