33040 housing market
ZIP code · Key West · MonroeThe median sale price in ZIP code 33040 was $1.27M in May 2026, up 13.4% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.26M, firming from $1.12M across the three months before that. That is the strongest three-month stretch in this market's record. 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 3.0% year over year.
Buyers had 317 homes to choose from in May 2026, down 12.7% year over year (Redfin). 173 homes came to market in May 2026, down 16.4% year over year, against 168 closings, up 16.7% year over year. Homes that sold in May 2026 took a median of 130.5 days to go under contract, 11 days faster than this market's usual May pace.
Sellers were asking a median of $1.21M in Jul 2026, down 18.8% year over year (Realtor.com). 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 1.5% below 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. 14% of listings carried a price cut in Jul 2026.
This page tracks 18 monthly housing series for ZIP code 33040 — median sale price, median list price, ZHVI home value, inventory (active), active listings, median days on market, and more — sourced from Realtor.com, 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.
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Sources for 33040: Redfin · Realtor.com · Zillow ZHVI. Listing metrics and closed-sale metrics are never blended; every figure above names its source and vintage.