Is Key West a buyer's or seller's market right now?

Key West is currently a buyer's market with 13.2 months of supply. 4% of homes sell above asking price, and 31.9% go pending within two weeks. The Ridley Sell Score for Key West is 24/100 (Emerging), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Key West?

The median home price in Key West is $1,250,000, up 4.8% year-over-year. The median price per square foot is $1050. Homes sell in a median of 93 days with a sale-to-list ratio of 94%.

How much does it cost to sell a home in Key West, Florida?

On a $1,250,000 home in Key West, a traditional listing agent charges around $37,500 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $100,000 or more. With Ridley Essentials ($999) you save $36,501, and with Ridley Pro ($3,499) you save $34,001 while getting full agent support.

How does Ridley's flat fee compare to a traditional Key West agent?

A traditional Key West listing agent typically charges 3% of the sale price — about $37,500 on a $1,250,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $36,501–$34,001 compared to a traditional agent.

How long does it take to sell a home in Key West?

The median home in Key West currently spends 93 days on the market before going under contract. 31.9% of homes go pending within two weeks. At a 94% sale-to-list ratio, sellers are seeing some negotiation. Only 23.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Florida?

No. Florida does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $1,250,000 home, that could save you up to $34,001.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Florida. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $37,500 commission.

National/Florida

Key West, FL

Is Now a Good Time to Sell in Key West, Florida?

The median home in Key West sells for $1,250,000 with prices up 4.8% year-over-year. The average seller pays $37,500 in commissions — Ridley’s flat fee saves you $34,001.

Key West Real Estate Market Conditions — March 2026

24out of 100

Ridley Sell Score

How it's scored →

Emerging

24/100

A buyer-friendly market — Ridley's flat fee helps you keep more equity.

What this means for sellers

Key West is currently a buyer's market, and sellers should plan accordingly. Expect longer days on market and more price negotiation. The best strategy is to price competitively from day one, invest in presentation, and be open to concessions. Sellers who are patient and realistic about pricing can still close — and Ridley's flat fee means more of the sale price stays in your pocket.

Inventory TightnessFavors buyers

13.2 months of supply — above the 5-month balanced threshold, giving buyers more options. Florida average is 8.2.

Price MomentumNeutral

Prices up 4.8% year-over-year — vs. -1.8% statewide.

Seller LeverageFavors buyers

Homes selling at 94% of asking — buyers are negotiating 6% below list. Florida average is 95.5%.

Bidding ActivityFavors buyers

4% of homes selling above list price — 45% below the Florida average of 7.3%.

Sale SpeedFavors buyers

93 median days on market — 8 days slower than the Florida average.

Market UrgencyNeutral

31.9% of listings go pending within 2 weeks — vs. 20.4% statewide.

Price StabilityFavors buyers

23.3% of listings have dropped their price. Florida average is 29.5%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$1,250,000

+4.8%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$1050

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

94%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

13.2

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

23.3%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

31.9%

Moderate pace

12-Month Price Trend

$1,167,500 → $1,250,000

▲7.1%

$1.2M$1.0M

AprJunAugOctDecFebMar

Data updated March 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Key West — delivered monthly.

Your savings

How much can you save selling your home in Key West?

The average Key West homeowner saves $34,001 by selling with Ridley instead of paying the traditional 3% listing commission on a $1,250,000 home.

$0Estimated savings

That's a new car — paid in full — save 2.7% of your home value

Your Key West home value

$1,250,000

$50,000$10M

Traditional Agent (3%)

$37,500

Ridley Pro (flat fee)

$3,499

Ready to sell in Key West?

Get a personalized selling strategy with AI-powered pricing analysis

Get Your Selling Strategy

Cost comparison

How much does it cost to sell a house in Key West?

The total cost to sell a house in Key West in 2026 ranges from $999 with Ridley Essentials to approximately $37,500 with a traditional 3% commission on a $1,250,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$37,500	$3,499	$999	$0
Buyer agent	$35,0002.8% avg	$25,000~2% avg	$25,000~2% avg	$35,0002.8% avg
Closing costs (~1.5%)	$18,750	$18,750	$18,750	$18,750
Total cost	$91,250	$47,249	$44,749	$53,750
Net proceeds	$1,158,750	$1,202,751	$1,205,251	$1,196,250
You save	—	$34,001	$36,501	$37,500No support

Based on the Key West median home price of $1,250,000. Buyer agent commission and closing costs are estimated and may vary.

How to sell your house and save on commission in Key West

A flat fee of $3,499 instead of the typical $37,500 commission — with a dedicated agent at every step.

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Key West market data so you list at the right price.

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Key West buyers look — plus a custom Ridley listing page with AI chat.

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

Close and keep $34,001 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

Get Your Selling Strategy

Success stories

Real sellers. Real savings.

Ridley sellers are saving tens of thousands in commissions while keeping full control of their sales.

Jess & Terry saved $65k in Boulder, CO

Read their story

Lorraine saved $14k in Denver, CO

Read her story

Bradd saved $130k in Yorba Linda, CA

Read his story

Jess & Terry saved $65k in Boulder, CO

Read their story

Lorraine saved $14k in Denver, CO

Read her story

Bradd saved $130k in Yorba Linda, CA

Read his story

FAQ

Common questions about selling in Key West.

Ready to sell in Key West?

Save $34,001

Get Your Selling Strategy

Explore neighborhoods

Key West Neighborhoods

Neighborhood-level market data for 1 areas in Key West.

Truman Annex

$1,160,000106d on market3 sold

View all Florida markets →