As of April 2026, the median sale price in the Village of Key Biscayne was $1,859,309 at about $939 per square foot. At 7.4 months of supply it reads slightly as a buyer's market, with a median 92 days on market.
Village of Key Biscayne market scoreboard
Each figure is the latest month in my read for Village of Key Biscayne.
The Village of Key Biscayne is an island town off the Rickenbacker Causeway, a gated-feeling community of single-family homes and oceanfront and bayfront condos with its own schools and beaches. Buyers here are paying for the island, the security, and the lifestyle as much as for the house. I counted 62 homes sold in the latest month against 227 active listings.
The median sale price was $1,859,309 as of April 2026, up from $1,330,000 a year earlier, a 39.8 percent year-over-year figure. On an island market that mixes houses and condos, the unit mix that closes in a given month moves the median, so I read that number as an island trending up rather than a precise gain on the same property.
Village of Key Biscayne Home Prices and Price Per Square Foot
I track about $939 per square foot on Key Biscayne as of April 2026, among the highest in this set and reflecting the island premium. The 39.8 percent year-over-year median change comes off a market that blends single-family and condo closings, so the per-square-foot figure and recent comparable sales are what I use to value a specific unit. On the island, oceanfront versus interior and building quality drive far more of the price than the village-wide median can capture.
| Month | Value |
|---|---|
| 2025-11 | $1,887,500 |
| 2025-12 | $1,900,000 |
| 2026-01 | $1,634,500 |
| 2026-02 | $1,667,250 |
| 2026-03 | $1,650,000 |
| 2026-04 | $1,859,309 |
Is Village of Key Biscayne a Buyer's or Seller's Market?
With 7.4 months of supply, Key Biscayne edges past the seven-month line into buyer's-market territory on my inventory rule, and the median 92 days on market is moderate for the price point. About 20.7 percent of active listings had a price cut. For a buyer that means time and leverage, especially on units that have been listed a while. For a seller it means the island's cachet does not replace correct pricing.
| Neighborhood | Months of supply | Market |
|---|---|---|
| Village of Key Biscayne | 7.4 | Buyer's market |
Rule of thumb: under 5 months of supply = seller's market, 5 to 7 = balanced, over 7 = buyer's market.
| Month | Value |
|---|---|
| 2025-11 | 12.5 |
| 2025-12 | 10.5 |
| 2026-01 | 8.9 |
| 2026-02 | 7.4 |
| 2026-03 | 7.0 |
| 2026-04 | 7.4 |
| Month | Value |
|---|---|
| 2025-11 | 90 |
| 2025-12 | 86 |
| 2026-01 | 99 |
| 2026-02 | 118 |
| 2026-03 | 131 |
| 2026-04 | 92 |
Key Biscayne is an island lifestyle buy first and a house second, and with supply just into buyer's-market range there is room to be patient and selective.
Gerardo Gonzalez, Licensed Real Estate Agent at Compass
Methodology and Sources
- Compiled by: LuxuryDade and Gerardo Gonzalez, Licensed Real Estate Agent at Compass. I assemble and refresh this neighborhood report myself.
- Data reference: Market figures are compiled with reference to the Redfin Data Center (redfin.com/news/data-center). These are aggregated market figures, not MLS or proprietary brokerage data.
- Geography: The Village of Key Biscayne neighborhood inside the Miami metro area.
- Why monthly figures move: A neighborhood this size closes a small number of sales each month, so a single high or low sale can swing the median. Read the multi-year trend and price per square foot alongside any one month.
- Update cadence: I refresh this report near the start of each month. Last verified June 5, 2026.
- Missing values: Any cell shown as "unavailable" was missing in the underlying data and has not been estimated.
LuxuryDade and Gerardo Gonzalez. "Key Biscayne Home Prices 2026: $1.86M Median." As of April 2026. https://luxurydade.com/reports/neighborhoods/key-biscayne-home-prices-2026 (verified June 5, 2026).
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