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Featured local agent — Key Biscayne, FL
Sarah Mitchell
Compass Real Estate · Key Biscayne, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Key Biscayne, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.52Mmedian sale price
How is the Key Biscayne, FL housing market right now?
The median home sale price in Key Biscayne, FL is $1.52M, up 17.3% year-over-year. Homes sell in an average of 178 days with 155 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Key Biscayne a buyer's or seller's market?
Key Biscayne, FL is currently a buyer's market, based on 9.7 months of supply and homes selling in about 178 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
178
Average pace
Active listings
155
9.7 months supply
Sale-to-list
94.6%
Below asking
What does the Key Biscayne housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.52M |
| Median list price | $1.50M |
| Year-over-year price change | +17.3% |
| Average days on market | 178 days |
| Active inventory | 155 listings |
| Months of supply | 9.7 months |
| Sale-to-list price ratio | 94.6% |
| Median price per sq ft | $1,026/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 39 |
| Listings with a price cut | 12.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Key Biscayne by property type?
How the Key Biscayne, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $1.50M | $1,017/sq ft | 15 | 169 days |
| Townhouse | $2.85M | $1,094/sq ft | 1 | 186 days |
Source: Redfin · Updated monthly
The Key Biscayne housing market is currently classified as a buyer's market with a median sale price of $1.52M. Prices have risen 17.3% compared to last year, with homes spending an average of 178 days on market, indicating 9.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 9.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Key Biscayne
There are currently 155 homes listed for sale in Key Biscayne, Florida. The median listing price is $1.5M.
Active listings
155
Homes on market
Median list price
$1.5M
Avg. days on market
178
Days until sale
New this week
39
Newly listed
Who lives in Key Biscayne?
Population
14,560
Median income
$172,604/yr
Median age
43.1 years
Owner-occupied
69.3%
College grads
74.4%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Key Biscayne?
Zillow home value
$1.67M
Zillow rent index
$8,551/mo
Price-to-rent ratio
16.3x
Price-to-income
9.7x
Source: Zillow Research
What is it like to live in Key Biscayne?
Key Biscayne is a community of approximately 15K residents with a median age of 43.1 years.The median household income is $172,604, which reflects a relatively affluent area with strong earning potential. 74.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 69.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Key Biscayne offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Key Biscayne?
2 schools tracked · 2,426 students
The largest public schools serving Key Biscayne, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MAST ACADEMY
Grades 6-12 · 1,548 students
KEY BISCAYNE K-8 CENTER
Grades PK-8 · 878 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Key Biscayne, FL?
Want a head-to-head view? Compare Key Biscayne side-by-side with any other U.S. city using our market-comparison tool.
Is Key Biscayne a good real estate investment market?
For investors evaluating Key Biscayne, the price-to-rent ratio of 16.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 17.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Key Biscayne's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Key Biscayne's median home price.
Frequently asked questions
What is the average home price in Key Biscayne?
The median home sale price in Key Biscayne is $1.52M, up 17.3% from last year.
How long do homes stay on market in Key Biscayne?
Homes typically spend 178 days on market before going under contract.
What is the median income in Key Biscayne?
The median household income is $172,604 per year.
Is Key Biscayne a buyer's or seller's market?
With 9.7 months of supply, Key Biscayne is currently a buyer's market.
What is the Zillow home value estimate for Key Biscayne?
The Zillow Home Value Index (ZHVI) for Key Biscayne is $1.67M, representing the typical home value in the area.
What is the median condo price in Key Biscayne?
The median condo/co-op sale price in Key Biscayne, FL is $1.50M, based on the latest Redfin data.
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