Market Data & Trends

What is the luxury market doing in the Keys?

By Steve Conley

Short Answer

The luxury market in the Florida Keys attracts a global buyer pool. High-end waterfront estates, especially those with deep-water dockage and modern construction, remain in strong demand among discerning buyers.

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

The luxury market above $3 million in the Keys is driven by a different buyer profile -- often cash buyers from the Northeast or Midwest looking for a primary or secondary residence. Inventory at this level is very limited. If you are buying or selling in this range, you need an agent who knows the specific comparable sales.

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More questions in Market Data & Trends

Is the Florida Keys market a buyer's or seller's market right now? How does the Keys market compare to South Florida? What is the median home price in each Keys community? How many homes sell in the Keys each year? What is the average days on market in the Keys? How does inventory affect pricing in the Keys? Are waterfront homes holding value better than non-waterfront? How do interest rates affect the Keys market? How much does a home cost in the Florida Keys? Why are Florida Keys homes so expensive? Are Home Prices Going Up or Down in the Florida Keys? Is Marathon Becoming More Expensive Than Other Florida Keys Communities? How Much Below Asking Price Are Florida Keys Homes Actually Selling For in 2026? Why Are Florida Keys Home Prices Rising While Buyers Still Have Negotiating Room?

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