Is Key Colony Beach, FL 33051 a buyer’s or seller’s market?
Key Colony Beach is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Key Colony Beach housing market right now
In the three months ending August 31, 2026, 0% of homes in Key Colony Beach, FL 33051 sold above their list price, the typical home went under contract in 257 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (191 days then) and the median sale price fell 27% to $496,785. Overall, Key Colony Beach is less competitive than a year ago, which gives buyers more room.
Within Monroe County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Marathon 33050 (6% sold over asking) and Summerland Key 33042 (3% sold over asking) are even more competitive.
Run the numbers for 33051
Nearby markets
Big Pine Key 33043Buyer’s market $651 /sq ftIslamorada 33036Buyer’s market $728 /sq ftKey Largo 33037Buyer’s market $582 /sq ftKey West 33040Buyer’s market $824 /sq ft Browse all markets →Where Key Colony Beach is
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Questions about Key Colony Beach real estate
Is Key Colony Beach a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Key Colony Beach, FL 33051 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Key Colony Beach?
The typical home went under contract in 257 days in the latest three months.
Do homes in Key Colony Beach sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Key Colony Beach?
About 0.53% of a home’s value a year in Monroe County, or roughly $2,120 on a $400,000 home.
What is the median home price in Key Colony Beach?
The median sale price was $496,785 in the three months ending August 31, 2026, about $663 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology