Lower Keys Housing Market Report February 2025•Monroe County, Florida

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Housing Prices in Lower Keys, FL

How much do homes in Lower Keys, FL cost?

Housing Market Conditions

Is Lower Keys, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lower Keys is a Buyer's Market

Difference Since February 2024

Since last year, Lower Keys has remained a Buyer's Market.

Insight

Lower Keys is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$954,375$746/SqFt
-$625
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Lower Keys has remained the same since last year.

Summary: The median home sold price in Lower Keys was $954,375 in February 2025, down 0.1% from last year, and the median price per square foot was $746.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lower Keys
-0.1%
Big Pine Key
-0.6%
Summerland Key
-0.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$515K$1.0M
+94.2%
2$825K$770K
-6.7%
3$1.0M$1.0M
+2.6%
4$2.1M$1.7M
-20.8%
5$2.4M$2.2M
-8.5%

Summary: Lower Keys housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +94.2%. The home price for 2 bedroom homes decreased by -6.7%. The home price for 3 bedroom homes increased by +2.6%. The home price for 4 bedroom homes decreased by -20.8%. The home price for 5 bedroom homes decreased by -8.5%.

Housing supply in Lower Keys, FL

How many homes are available in Lower Keys, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
444Last MonthFeb 2025
3982 months agoJan 2025
+11.6 %
Change MoMJan – Feb

Summary: The Lower Keys real estate market had 444 homes for sale in Feb 2025, a 11.6 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
31Last MonthFeb 2025
262 months agoJan 2025
+19.2 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
146
+50.0%
2121143
+18.2%
3203210
+3.4%
45264
+23.1%
51821
+16.7%

Summary: Lower Keys housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +18.2%. The inventory for 3 bedroom homes increased by +3.4%. The inventory for 4 bedroom homes increased by +23.1%. The inventory for 5 bedroom homes increased by +16.7%.

Asking Price vs. Sold Price

How much do homes in Lower Keys, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price4 Homes

Under Asking Price26 Homes

Insight

If you're buying a home in Lower Keys, you may be able to get a good deal. 83.9% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Lower Keys in February 2025, up by 19.2% month-over-month. Of the 31 sold homes, 84% were sold under asking, 13% were sold at asking, and and 3% were sold over asking.

Days on Market for Lower Keys, FL

How long does it take to sell a home in Lower Keys, FL?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days8 Homes

Over 90 Days18 Homes

Insight

Most homes in Lower Keys are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 31 homes were sold in Lower Keys; 16% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
119 DaysThis YearFeb 2025
101 Days1 year agoFeb 2024
+18.4 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Lower Keys had an average listing age of 119 days in Feb 2025, up by 18.4% compared to the previous year.

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Newest Listings in Lower Keys, FL

What homes are available in Lower Keys, FL?

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Nearby markets

Nearby markets aren't available for Lower Keys, FL

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Key West MLS, Marathon and Lower Keys Association of REALTORS® Inc. MLS, Miami MLS, Florida Keys MLS, and realMLS for the period 03/01/2023 - 03/01/2025

The data relating to real estate for sale on this web site comes in part from the IDX Program of Key West Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Key West Association of REALTORS®, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 12:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXInformation is deemed to be reliable, but is not guaranteed. © 2025 MLS. Based on information from the Marathon and Lower Keys Association of REALTORS®. The information on this sheet has been made available by the MLS and may not be the listing of the provider. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 12:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys Board of Realtors®, Florida Keys MLS, Inc. Real Estate Listings held by other brokerage firms other are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 12:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 12:21:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.