Monroe County, FL housing market

The median sale price in Monroe County, FL was $1.05M in May 2026, up 19.3% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.03M, holding steady against $1.02M across the three months before that. That puts prices 6.9% below the strongest three-month stretch on record here, which ended in Mar 2024 at $1.1M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $966K for Jun 2026, down 0.8% year over year.

Buyers had 1,224 homes to choose from in May 2026, down 12.8% year over year (Redfin). At the current sales pace that standing inventory works out to 6.6 months of supply; convention treats four to six months as a balanced market, which puts Monroe County, FL on the buyers' side of it. 209 homes came to market in May 2026, down 7.9% year over year, against 185 closings, up 9.5% year over year. Homes that sold in May 2026 took a median of 108 days to go under contract, 53 days faster than this market's usual May pace.

Sellers were asking a median of $1.2M in Jul 2026, down 7.3% year over year (Realtor.com via FRED). Asking prices and closing prices never describe the same homes, so the gap between them reads as seller expectation rather than a discount available to buyers: in May 2026 the list median ran 14.3% above the closing median. Competition is measurable in the closings themselves: 2.0% settled above asking, and the average sale landed at 94% of its final list price. 22% of listings carried a price cut in May 2026.

This page tracks 18 monthly housing series for Monroe County, FL — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com via FRED, Redfin, Zillow ZHVI, running from Aug 2016 through Jul 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.