Key West, FL Real Estate & Property Data

Key West Real Estate Market Trends
Last Updated: September 13, 2025

To gain insights into Key West, FL 33040, 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, 670 residential properties have been sold in Key West, FL over the past year, with a median home price of $790,660. Additionally, 42.36% of homes in Key West are equity rich, while 0.38% of homes are seriously underwater. There have been 3 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
Total Residential Properties 11,410
Total Commercial Properties 1,695
Avg. Home Age (Single Family Home) 55 Years
Avg. Square Feet (Single Family Home) 1,539
Total 2025 Residential Sales (year-to-date) 391
% of Homes Seriously Underwater (Q3 2025) 0.38%
Total 2024 Residential Sales 583
% of Equity Rich Homes (Q3 2025) 42.36%
Effective 2024 Property Tax 0.51%
Total Foreclosure Filings (year-to-date) 6
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Key West, FL 33040 Real Estate Overview

There were 670 residential properties sold in the past year in Key West, FL 33040. The median home value in Key West, FL 33040 is $1,070,899. There are a total of 11,410 residential properties in the 33040.

Median Sales Price i
$790,660
(Jun 2025)
-7.5%
year-over-year
y-o-y
  • June '25 Jun '25 $790,660
  • May '25 May '25 $812,000
  • April '25 Apr '25 $800,000
  • March '25 Mar '25 $900,000
  • February '25 Feb '25 $907,500
  • January '25 Jan '25 $1,335,000
  • December '24 Dec '24 $1,133,333
  • November '24 Nov '24 $1,137,500
  • October '24 Oct '24 $1,220,000
  • September '24 Sep '24 $832,500
  • August '24 Aug '24 $967,500
  • July '24 Jul '24 $1,051,000
Median Down Payment i
$230,000
(Jun 2025)
-9.3%
year-over-year
y-o-y
  • June '25 Jun '25 $230,000
  • May '25 May '25 $294,500
  • April '25 Apr '25 $148,200
  • March '25 Mar '25 $214,750
  • February '25 Feb '25 $135,900
  • January '25 Jan '25 $400,500
  • December '24 Dec '24 $312,500
  • November '24 Nov '24 $458,750
  • October '24 Oct '24 $338,500
  • September '24 Sep '24 $159,800
  • August '24 Aug '24 $366,125
  • July '24 Jul '24 $230,000
Number of Homes Sold i
52
(Jun 2025)
+4%
year-over-year
y-o-y
  • June '25 Jun '25 52
  • May '25 May '25 58
  • April '25 Apr '25 62
  • March '25 Mar '25 65
  • February '25 Feb '25 53
  • January '25 Jan '25 101
  • December '24 Dec '24 40
  • November '24 Nov '24 33
  • October '24 Oct '24 45
  • September '24 Sep '24 28
  • August '24 Aug '24 40
  • July '24 Jul '24 43
Number of Purchase Loans i
27
(Jun 2025)
+8%
year-over-year
y-o-y
  • June '25 Jun '25 27
  • May '25 May '25 21
  • April '25 Apr '25 25
  • March '25 Mar '25 23
  • February '25 Feb '25 17
  • January '25 Jan '25 42
  • December '24 Dec '24 27
  • November '24 Nov '24 17
  • October '24 Oct '24 25
  • September '24 Sep '24 19
  • August '24 Aug '24 21
  • July '24 Jul '24 15
Number of REFI Loans i
24
(Jun 2025)
+71.4%
year-over-year
y-o-y
  • June '25 Jun '25 24
  • May '25 May '25 14
  • April '25 Apr '25 39
  • March '25 Mar '25 23
  • February '25 Feb '25 14
  • January '25 Jan '25 34
  • December '24 Dec '24 18
  • November '24 Nov '24 10
  • October '24 Oct '24 12
  • September '24 Sep '24 9
  • August '24 Aug '24 9
  • July '24 Jul '24 9
Number of HELOC Loans i
5
(Jun 2025)
-16.7%
year-over-year
y-o-y
  • June '25 Jun '25 5
  • May '25 May '25 3
  • April '25 Apr '25 1
  • March '25 Mar '25 5
  • February '25 Feb '25 3
  • January '25 Jan '25 8
  • December '24 Dec '24 14
  • November '24 Nov '24 3
  • October '24 Oct '24 6
  • September '24 Sep '24 4
  • August '24 Aug '24 3
  • July '24 Jul '24 9

Key West, FL 33040 Foreclosure Activity

There were a total of 3 Key West, FL 33040 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 3 Key West, FL 33040 properties and repossessed 1 Key West, FL 33040 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i
3
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 3
  • May '25 May '25 1
  • April '25 Apr '25 1
  • March '25 Mar '25 N/A
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 3
  • October '24 Oct '24 2
  • September '24 Sep '24 2
  • August '24 Aug '24 2
  • July '24 Jul '24 1
Foreclosure Starts i
3
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 3
  • May '25 May '25 1
  • April '25 Apr '25 1
  • March '25 Mar '25 N/A
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 3
  • October '24 Oct '24 1
  • September '24 Sep '24 2
  • August '24 Aug '24 1
  • July '24 Jul '24 1
Completed Foreclosures (REOs) i
1
(Jun 2025)
  • June '25 Jun '25 1
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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