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Housing Market

Key Biscayne housing market

The median home in Key Biscayne sold for $0 in October 2026, down 32.1% from $2,400,000 14 months earlier. On the measures below the market is close to balanced.

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.

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Where Key Biscayne stands right now

Leverage

Are buyers or sellers in control in Key Biscayne?

On the last full month of data, Key Biscayne is close to balanced.

That is where the market stands today. Which way it has been moving is a separate question, and the trends below answer it.

    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.

    Median sale price by month
    MonthMedian sale price
    Jul 2025$2,400,000
    Aug 2025$1,290,000
    Sep 2025$1,420,000
    Oct 2025$2,325,000
    Nov 2025too 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
    Oct 2026too few sales to report

    2 months are 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.

    Median days on market by month
    MonthMedian days on market
    Jul 202563 days
    Aug 202588 days
    Sep 202576 days
    Oct 202568 days
    Nov 2025too few sales to report
    Dec 202555 days
    Jan 2026123 days
    Feb 202653 days
    Mar 2026105 days
    Apr 202643 days
    May 202640 days
    Jun 202643 days
    Jul 202644 days
    Aug 202660 days
    Sep 2026116 days
    Oct 2026too few sales to report

    2 months are 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.

    Share of sales closing above asking by month
    MonthShare of sales closing above asking
    Jul 20254.8%
    Aug 20250.0%
    Sep 202520.0%
    Oct 20250.0%
    Nov 2025too few sales to report
    Dec 20255.3%
    Jan 20260.0%
    Feb 202613.3%
    Mar 20267.1%
    Apr 202611.8%
    May 20269.1%
    Jun 20263.9%
    Jul 202613.8%
    Aug 20264.8%
    Sep 20260.0%
    Oct 2026too few sales to report

    2 months are 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.

    Share of sellers who cut their price by month
    MonthShare of sellers who cut their price
    Jul 202533.3%
    Aug 202557.9%
    Sep 202553.3%
    Oct 202550.0%
    Nov 2025too few sales to report
    Dec 202536.8%
    Jan 202652.6%
    Feb 202626.7%
    Mar 202650.0%
    Apr 202611.8%
    May 202636.4%
    Jun 202615.4%
    Jul 202631.0%
    Aug 202633.3%
    Sep 202631.3%
    Oct 2026too few sales to report

    2 months are 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 2 in Oct 2026, down 90.5% over 16 months.

    Homes sold by month
    MonthHomes sold
    Jul 202521
    Aug 202519
    Sep 202515
    Oct 202514
    Nov 20257
    Dec 202519
    Jan 202619
    Feb 202615
    Mar 202614
    Apr 202617
    May 202611
    Jun 202626
    Jul 202629
    Aug 202621
    Sep 202616
    Oct 20262

    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.

    Browse Homes for SaleTalk to a Buyer's Agent

    Nearby Markets

    Compare Key Biscayne with nearby markets

    Source: BeachesMLS via Trestle, compiled by Pure Equity Realty. Figures cover residential sales and exclude land and commercial. Updated nightly.

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