Buyer's MarketJune 2026

Key Biscayne Housing Market Report

Live MLS data · 100 active listings · $2.1M median · Updated June 2026

TL;DR

The Key Biscayne housing market has 100 active listings with a median asking price of $2.1M as of June 2026. 14% of listings have had a price reduction. Average price per square foot is $1605, with homes spending an average of 105 days on market — a buyer's market.

100

Active Listings

$2.1M

Median Price

$1605

Avg $/sqft

105

Avg Days on Market

14%

Price Reduced

Price Distribution

Under $300K
3 (3%)
$300K–$500K
4 (4%)
$500K–$750K
6 (6%)
$750K–$1M
13 (13%)
$1M–$2M
24 (24%)
$2M+
50 (50%)

By Property Type

Condos
$1.5M
House
$6.9M
Townhouses
$1.9M

Median Price by Bedrooms — Key Biscayne

BedroomsActive ListingsMedian Price
Studio/1 BR11$645K
2 BR37$1.3M
3 BR22$2.9M
4 BR11$5.1M
5+ BR19$8.5M

ELLA AI Market Analysis — Key Biscayne

The Key Biscayne real estate market currently has 100 active listings as of June 2026, with a median asking price of $2.1M and an average of $1605/sqft. Homes are spending an average of 105 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.

Condos represent the best value in Key Biscayne right now, with an average price per square foot of $1192 and a median asking price of $1.5M. There are currently 68 active condos listings available.

With 14% of listings having seen a price reduction, there is meaningful negotiating room in Key Biscayne. Buyers who are patient and well-prepared can expect sellers to be more flexible on price and terms.

Frequently Asked Questions — Key Biscayne Real Estate Market

What is the average home price in Key Biscayne right now?

As of June 2026, the median asking price in Key Biscayne is $2.1M, with an average of $6.2M. Prices range from $75K to $237M. The average price per square foot is $1605.

Is Key Biscayne a buyer's or seller's market?

Key Biscayne is currently a buyer's market. Homes average 105 days on market and 14% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.

How long do homes stay on the market in Key Biscayne?

As of June 2026, homes in Key Biscayne spend an average of 105 days on market before going under contract. This varies by price range and property type — condos and lower-priced homes typically move faster. ELLA's IQ score flags listings that have been sitting longer than expected, often indicating negotiation opportunity.

What is the most affordable property type in Key Biscayne?

Condos are currently the most affordable by price per square foot in Key Biscayne, averaging $1192/sqft with a median price of $1.5M. There are 68 active condos listings available.

How much can I save buying in Key Biscayne with Casa Simple?

Based on the median home price of $2.1M in Key Biscayne, Casa Simple buyers typically receive savings of $14K–$28K at closing. This is a closing cost credit — you pay nothing extra. The exact amount depends on purchase price and plan.

What is the average HOA fee in Key Biscayne?

HOA fees are not aggregated at the city level in our market report. Fees vary widely by building, community, and property type — condos typically have higher fees than single-family homes. Each listing on Casa Simple shows the HOA fee when available. For condo buildings, visit the building's dedicated page to see estimated average HOA fees.

Ready to buy in Key Biscayne?

ELLA analyzes every listing in Key Biscayne with an AI-powered IQ score. Get up to $28K back at closing.