Housing Market
Key Biscayne housing market
The median home in Key Biscayne sold for $1,630,000 in September 2026, down 32.1% from $2,400,000 14 months earlier. On the measures below the market leans toward buyers.
What is your Key Biscayne home worth?
The median tells you about the market. It does not tell you about your home. Ask for a valuation built from recent sales near you rather than an online estimate.
Where Key Biscayne stands right now
Median sale price
$1,630,000
September 2026
Homes for sale
138
as of today
Months of supply
6.3
inventory ÷ recent sales
Median days on market
116 days
September 2026
October 2026 is still in progress, so its 2 closed sales so far are not comparable to a full month and are left out of the trends below.
Leverage
Are buyers or sellers in control in Key Biscayne?
On the last full month of data, Key Biscayne leans toward buyers.
That is where the market stands today. Which way it has been moving is a separate question, and the trends below answer it.
- ·6.3 months of supply, which favours buyers
- ·only 0% of sales closed above asking
- ·31.25% of sellers cut their price before closing
Read from months of supply, the share of sales closing above asking, and the share of sellers who cut their price. Each is scored against conventional thresholds and the balance decides. This describes the months already closed, not a prediction of what comes next.
Key Biscayne market trends, month by month
Every figure below is a complete calendar month. Blank months had too few sales to support a reliable median.
Median sale price
$2,400,000 in Jul 2025 to $1,630,000 in Sep 2026, down 32.1% over 14 months. Trending in buyers' favour.
| Month | Median sale price |
|---|---|
| Jul 2025 | $2,400,000 |
| Aug 2025 | $1,290,000 |
| Sep 2025 | $1,420,000 |
| Oct 2025 | $2,325,000 |
| Nov 2025 | too few sales to report |
| Dec 2025 | $1,300,000 |
| Jan 2026 | $1,300,000 |
| Feb 2026 | $1,910,000 |
| Mar 2026 | $1,423,500 |
| Apr 2026 | $3,000,000 |
| May 2026 | $1,480,000 |
| Jun 2026 | $1,635,000 |
| Jul 2026 | $1,330,000 |
| Aug 2026 | $1,550,000 |
| Sep 2026 | $1,630,000 |
One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Median days on market
63 days in Jul 2025 to 116 days in Sep 2026, up 84.1% over 14 months. Trending in buyers' favour.
| Month | Median days on market |
|---|---|
| Jul 2025 | 63 days |
| Aug 2025 | 88 days |
| Sep 2025 | 76 days |
| Oct 2025 | 68 days |
| Nov 2025 | too few sales to report |
| Dec 2025 | 55 days |
| Jan 2026 | 123 days |
| Feb 2026 | 53 days |
| Mar 2026 | 105 days |
| Apr 2026 | 43 days |
| May 2026 | 40 days |
| Jun 2026 | 43 days |
| Jul 2026 | 44 days |
| Aug 2026 | 60 days |
| Sep 2026 | 116 days |
One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Share of sales closing above asking
4.8% in Jul 2025 to 0.0% in Sep 2026, down 100% over 14 months. Trending in buyers' favour.
| Month | Share of sales closing above asking |
|---|---|
| Jul 2025 | 4.8% |
| Aug 2025 | 0.0% |
| Sep 2025 | 20.0% |
| Oct 2025 | 0.0% |
| Nov 2025 | too few sales to report |
| Dec 2025 | 5.3% |
| Jan 2026 | 0.0% |
| Feb 2026 | 13.3% |
| Mar 2026 | 7.1% |
| Apr 2026 | 11.8% |
| May 2026 | 9.1% |
| Jun 2026 | 3.9% |
| Jul 2026 | 13.8% |
| Aug 2026 | 4.8% |
| Sep 2026 | 0.0% |
One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Share of sellers who cut their price
33.3% in Jul 2025 to 31.3% in Sep 2026, down 6.2% over 14 months. Trending in sellers' favour.
| Month | Share of sellers who cut their price |
|---|---|
| Jul 2025 | 33.3% |
| Aug 2025 | 57.9% |
| Sep 2025 | 53.3% |
| Oct 2025 | 50.0% |
| Nov 2025 | too few sales to report |
| Dec 2025 | 36.8% |
| Jan 2026 | 52.6% |
| Feb 2026 | 26.7% |
| Mar 2026 | 50.0% |
| Apr 2026 | 11.8% |
| May 2026 | 36.4% |
| Jun 2026 | 15.4% |
| Jul 2026 | 31.0% |
| Aug 2026 | 33.3% |
| Sep 2026 | 31.3% |
One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Homes sold
21 in Jul 2025 to 16 in Sep 2026, down 23.8% over 15 months.
| Month | Homes sold |
|---|---|
| Jul 2025 | 21 |
| Aug 2025 | 19 |
| Sep 2025 | 15 |
| Oct 2025 | 14 |
| Nov 2025 | 7 |
| Dec 2025 | 19 |
| Jan 2026 | 19 |
| Feb 2026 | 15 |
| Mar 2026 | 14 |
| Apr 2026 | 17 |
| May 2026 | 11 |
| Jun 2026 | 26 |
| Jul 2026 | 29 |
| Aug 2026 | 21 |
| Sep 2026 | 16 |
Buying in Key Biscayne?
The same figures read differently from the buying side. Ask what they mean for an offer on a specific home rather than for the market as a whole.
Nearby Markets
Compare Key Biscayne with nearby markets
- Miami housing market
- Miami Beach housing market
- Miami Gardens housing market
- Miami Lakes housing market
- Miami Shores housing market
- North Bay Village housing market
- North Miami housing market
- North Miami Beach housing market
- Palmetto Bay housing market
- Pinecrest housing market
Source: BeachesMLS via Trestle, compiled by Pure Equity Realty. Figures cover residential sales and exclude land and commercial. Updated nightly.
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