Live MLS data · 161 active listings · $2.6M median · Updated May 2026
The Key Biscayne housing market has 161 active listings with a median asking price of $2.6M as of May 2026. 68% of listings have had a price reduction. Average price per square foot is $1591, with homes spending an average of 85 days on market — a buyer's market.
161
Active Listings
$2.6M
Median Price
$1591
Avg $/sqft
85
Avg Days on Market
68%
Price Reduced
| Bedrooms | Active Listings | Median Price |
|---|---|---|
| Studio/1 BR | 17 | $600K |
| 2 BR | 55 | $1.4M |
| 3 BR | 35 | $2.8M |
| 4 BR | 20 | $5.5M |
| 5+ BR | 34 | $8M |
The Key Biscayne real estate market currently has 161 active listings as of May 2026, with a median asking price of $2.6M and an average of $1591/sqft. Homes are spending an average of 85 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.
Townhouses represent the best value in Key Biscayne right now, with an average price per square foot of $1105 and a median asking price of $2.8M. There are currently 5 active townhouses listings available.
With 68% 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.
As of May 2026, the median asking price in Key Biscayne is $2.6M, with an average of $6.1M. Prices range from $399K to $237M. The average price per square foot is $1591.
Key Biscayne is currently a buyer's market. Homes average 85 days on market and 68% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.
As of May 2026, homes in Key Biscayne spend an average of 85 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.
Townhouses are currently the most affordable by price per square foot in Key Biscayne, averaging $1105/sqft with a median price of $2.8M. There are 5 active townhouses listings available.
Based on the median home price of $2.6M in Key Biscayne, Casa Simple buyers typically receive a rebate of $18K–$36K at closing. This is cash back from the buyer's agent commission — you pay nothing extra. The exact rebate depends on purchase price and plan.
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.
ELLA analyzes every listing in Key Biscayne with an AI-powered IQ score. Get up to $36K back at closing.