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Key West, FL Real Estate & Property Data

Key West Real Estate Market Trends

Last Updated: April 28, 2024

To gain insights into Key West, FL’s real estate market, it is crucial to have accurate and comprehensive real estate data. ATTOM updates Key West real estate data on a daily basis, providing you with the most current information. As per the latest market trends, 643 residential properties have been sold in Key West, FL over the past year, with a median home price of $874,500. Additionally, 45.21% of homes in Key West are equity rich, while 0.29% of homes are seriously underwater. There have been 5 foreclosure filings in the area year-to-date. To obtain detailed information on properties in Key West, Florida, you can rely on ATTOM, your go-to source for Key West property reports and real estate data.

Key West Real Estate Market Trends

Get property data for any address in Key West, FL or the country:

Total Residential Properties 11,360

Total Commercial Properties 1,691

Avg. Home Age (Single Family Home) 54 Years

Avg. Square Feet (Single Family Home) 1,534

Total 2024 Residential Sales (year-to-date) 102

% of Homes Seriously Underwater (Q2 2024) 0.29%

Total 2023 Residential Sales 586

% of Equity Rich Homes (Q2 2024) 45.21%

Effective 2023 Property Tax 0.48%

Total Foreclosure Filings (year-to-date) 8

Key West, FL Real Estate Overview

Key West, FL saw 643 residential properties being sold in the past year, with a median home value of $1,075,000. The city of Key West has a total of 11,360 residential properties, spread across 401 streets and 1 zip codes.

Median Sales Price i

$874,500

(Feb 2024)

-9.4%

year-over-year

y-o-y

February '24 Feb '24 $874,500
January '24 Jan '24 $1,200,000
December '23 Dec '23 $1,057,500
November '23 Nov '23 $697,500
October '23 Oct '23 $715,000
September '23 Sep '23 $1,200,000
August '23 Aug '23 $1,177,500
July '23 Jul '23 $693,000
June '23 Jun '23 $815,000
May '23 May '23 $814,500
April '23 Apr '23 $1,150,000
March '23 Mar '23 $985,000

Median Down Payment i

$210,000

(Feb 2024)

-26.3%

year-over-year

y-o-y

February '24 Feb '24 $210,000
January '24 Jan '24 $379,000
December '23 Dec '23 $446,250
November '23 Nov '23 $149,000
October '23 Oct '23 $180,000
September '23 Sep '23 $245,000
August '23 Aug '23 $510,250
July '23 Jul '23 $196,000
June '23 Jun '23 $182,500
May '23 May '23 $162,900
April '23 Apr '23 $408,750
March '23 Mar '23 $414,000

Number of Homes Sold i

57

(Feb 2024)

+29.5%

year-over-year

y-o-y

February '24 Feb '24 57
January '24 Jan '24 45
December '23 Dec '23 44
November '23 Nov '23 23
October '23 Oct '23 32
September '23 Sep '23 50
August '23 Aug '23 50
July '23 Jul '23 35
June '23 Jun '23 47
May '23 May '23 71
April '23 Apr '23 57
March '23 Mar '23 88

Number of Purchase Loans i

20

(Feb 2024)

+5.3%

year-over-year

y-o-y

February '24 Feb '24 20
January '24 Jan '24 13
December '23 Dec '23 15
November '23 Nov '23 6
October '23 Oct '23 13
September '23 Sep '23 17
August '23 Aug '23 18
July '23 Jul '23 20
June '23 Jun '23 22
May '23 May '23 33
April '23 Apr '23 22
March '23 Mar '23 32

Number of REFI Loans i

7

(Feb 2024)

-36.4%

year-over-year

y-o-y

February '24 Feb '24 7
January '24 Jan '24 12
December '23 Dec '23 8
November '23 Nov '23 4
October '23 Oct '23 10
September '23 Sep '23 16
August '23 Aug '23 15
July '23 Jul '23 7
June '23 Jun '23 4
May '23 May '23 12
April '23 Apr '23 21
March '23 Mar '23 13

Number of HELOC Loans i

6

(Feb 2024)

-45.5%

year-over-year

y-o-y

February '24 Feb '24 6
January '24 Jan '24 5
December '23 Dec '23 10
November '23 Nov '23 3
October '23 Oct '23 8
September '23 Sep '23 5
August '23 Aug '23 7
July '23 Jul '23 9
June '23 Jun '23 8
May '23 May '23 6
April '23 Apr '23 6
March '23 Mar '23 6

Key West, FL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

33040
$1,075,000 $700.95/sqft

Key West, FL Foreclosure Activity

There were a total of 5 Key West, FL properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

5

(Feb 2024)

+400%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 3
December '23 Dec '23 1
November '23 Nov '23 2
October '23 Oct '23 2
September '23 Sep '23 1
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 3
April '23 Apr '23 1
March '23 Mar '23 3

Foreclosure Starts i

3

(Feb 2024)

+200%

year-over-year

y-o-y

February '24 Feb '24 3
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 2
October '23 Oct '23 N/A
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 3
April '23 Apr '23 N/A
March '23 Mar '23 3

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 1

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