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Foreclosure Homes in Key West, FL

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Key West, FL Foreclosures

How much do homes sell for in Key West, FL?
The average home price is currently $1,246,770.
In Key West, FL, how many homes are available?
There are currently 32 active home listings available in Key West.
What’s the average rental cost in Key West, FL?
The average rental price in Key West is $2,834.
What is the most expensive home in Key West?
The most expensive home sold in Key West had a price of $161,740,544.
What is currently the cheapest priced home in Key West, FL?
The cheapest home for sale in Key West is priced at $18,899.

Living in Key West, FL

Key West, located in Florida, is a beautiful island city famous for its stunning sunsets and vibrant marine life. Known for its laid-back lifestyle and rich cultural tapestry, it features a variety of outdoor activities alongside excellent dining options. Whether you’re looking for adventure or relaxation, Key West has something for everyone.

Current Market Conditions in Key West, FL

The Key West real estate market is unique given its prime location, making it a highly sought-after area for both homes and vacation properties. In recent years, the demand for homes has increased, mainly driven by people looking for investment properties or second homes in a vacation destination.

Currently, listings in Key West show moderate inventory levels with many homes quickly going under contract. Buyers are looking for waterfront properties, historic homes, and vacation rentals, creating a competitive atmosphere especially in the peak season.

Home Value Estimator For Key West, FL

There are currently 11,956 real estate properties in Key West, FL, with a median automated valuation model (AVM) price of $933,503.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Key West, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Key West, FL, is $1,246,770.00, with the most expensive house in Key West, FL, topping out at $161,740,544.00 and the cheapest home in Key West, FL, clocking in at $18,899.00. In other words, there’s something for every potential homebuyer or savvy investor in Key West, FL!

Rent Prices In Key West, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Key West, FL, is on a rollercoaster ride. The average rent price in Key West, FL, is $2,834.00. Indeed, when looking to rent in Key West, FL, you can expect to pay as little as $1,380.00 or as much as $4,620.00, with the average rent median estimated to be $2,780.00. The good news is that finding an affordable and desirable property to rent in Key West, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Key West, FL Foreclosures


Market Trend for Key West, FL

Total Listings Available: 32

Market Values:

Home Prices from $18,899 to $161,740,544

Average Sales Price: $1,246,770

Rental Values:

Rental from $1,380 to $4,620

Average Rent Value: $2,834 / month

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