33070
Key West, Florida
Key West 33070 needs watching.
The 33070 ZIP code in Key West, Florida has a median sale price of $837K, down -19.1% year-over-year. Homes spend an average of 52 days on market, with 6% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33070.
The 33070 ZIP code in Key West shows significant price correction, with the median sale price at $836,900 representing a 19.1% year-over-year decline. Homes are moving at a moderate pace, averaging 52 days on market, while only 6% of properties sell above asking price. This price-to-list ratio signals a clear shift from the seller-dominated dynamics that previously characterized this luxury coastal market. The substantial downward price trajectory indicates sellers are adjusting expectations amid reduced buyer urgency.
This market environment favors cash-position buyers seeking value recapture in a premium location after recent price deflation. Investors with extended holding horizons can capitalize on the 19.1% price reduction while competition remains limited, evidenced by the 6% above-list metric. Sellers face challenging conditions and should price aggressively given the 52-day absorption rate and negative momentum. Those requiring immediate liquidity may need to accept further concessions beyond the current year-over-year decline to secure transactions.
The PropIQ score of 51 suggests balanced risk-reward dynamics with no clear directional advantage for either party. The combination of double-digit price decline and modest inventory velocity indicates the market hasn't established a firm price floor. Monitoring month-over-month sale price stability and any contraction in days-on-market below 45 would signal demand stabilization. Without these indicators, further price discovery likely continues through 2026's second quarter before equilibrium emerges.
What is the median home price in 33070 Key West?
The median sale price in 33070 is $837K, down -19.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Key West 33070?
Homes in 33070 Key West spend an average of 52 days on market before going under contract.
Is Key West 33070 a good place to invest in real estate?
Folio's PropIQ™ score for 33070 is 51/100 — a Caution signal. 6% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 33070?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 51 = Caution in 33070 Key West, Florida.