Key Biscayne, FL 33149 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price is unavailable in the dataset, which may indicate limited closed transactions in the sampled period or reporting lag for finalized sales; this absence makes realized-market-value assessment dependent on other indicators rather than on a clear recent sale benchmark. neutral data availability
2. median listing price of 6,385,000 combined with a long median days on market of 434 suggests pricing friction between seller expectations and buyer activity; given the elevated inventory relative to sales activity, sellers should anticipate slower transaction velocity and consider calibrated pricing or targeted marketing to reduce time on market. slower sales velocity
3. median price per square foot of 1,473 together with a median market rent of 6,000 and an upward rent year-over-year trend indicates rental demand is strengthening and may provide a price floor for investors or owners considering lease strategies; however, elevated borrowing costs and cooling price momentum complicate immediate upside. rental support
4. Market context shows a neutral market temperature with a price year-over-year trend labeled down and elevated interest rate pressure (property rate comparison notes current 30-year fixed mortgage rates around 6.5% vs 6.0% earlier in 2026); this combination suggests a cautiously balanced market where sellers in desirable segments may still capture value but broader listings may require concessions or conversion to rental strategies. balanced-but-cautious

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.