Comprehensive market data and analysis• Updated Oct 2026
17.6 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 3 | 3 | 7 | 18 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 3 | 7 | 18 |
Acreage buckets
The median price for land in Key West, Florida is currently $4.1M per acre. For a typical parcel, the median sale price is $328K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $178K while premium lots reached $1.6M.
Key West, Florida is currently a strong buyer's market with 17.6 months of supply. Buyers have more negotiating power and can take time to find the right property.
Key West, Florida currently has 17.6 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in Key West, Florida is 5.7%. The 12-month rate is 8.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Key West, Florida stands at $328K. This translates to roughly $4.1M per acre for the typical parcel size. The average price is $746K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Key West, Florida is 5.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Keller Williams Key West Compass Realty.
Land in Key West, Florida typically sells within 222 days of listing. The median time on market is 107 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Key West on LandyDandy.
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