Updated daily · as of September 7, 2026 · Key Biscayne, Miami-Dade County, Florida
Key Biscayne price cuts and days on market: 24.2% of houses for sale have cut, condos 36.2%
As of September 7, 2026, 8 of the 33 single-family homes for sale in Key Biscayne (24.2%) and 38 of 105 condominiums (36.2%) have reduced their asking price at least once. Small sample: Key Biscayne has between 30 and 39 houses for sale, so one listing moves the share by about 3 points. Read the percentages as a direction, not a decimal.
Conditions todayHouses: Cutting at peer pace (24.2% cut versus 34% across 9 similar-priced cities (Miami-Dade County 37.6%); 66.7% of 6 under contract never cut)Condominiums: Cutting at peer pace (36.2% cut versus 38.1% across 14 similar-priced cities (Miami-Dade County 37.4%); 75% of 16 under contract never cut)Peer group, houses (median asking $2M and up: Miami Shores, Southwest Ranches, Lighthouse Point, Coral Gables, North Palm Beach, Miami Beach, Pinecrest, Palm Beach).Peer group, condominiums (median asking $600K and up: Coral Gables, Riviera Beach, Hillsboro Beach, Sunny Isles Beach, Singer Island, Surfside, Highland Beach, Bay Harbor Islands, Palm Beach, Lake Park, Juno Beach, Bal Harbour, Coconut Grove).How the read works: each city is compared with its peer group, the South Florida cities whose median asking price falls in the same tier (houses and condominiums separately; the peer figure is the median of those cities, so no single large city dominates). Firmer than similar-priced cities: price-cut share at least 3 points under the peer figure and at least 65% of under-contract listings (minimum 10) never cut. Cutting faster than similar-priced cities: 3 or more points over. Cutting at peer pace: in between. Where a tier has fewer than four cities the county is used instead and the label says so. Every read is relative: price cuts are under way in every one of these markets, and the cut share is shown beside each label. A read of today's listings, not a forecast.
Source: BeachesMLS, listings permitted for internet display, via PBP Real Estate's brokerage feed. As of Sep 7, 2026.
For buyers and sellers: 24.2% of the houses you compete with, or would bid on, have already come down once; the median cut is $925K, and the median house that cut has waited 73 days counting every relisting.
The story for media: "24.2% of single-family homes for sale in Key Biscayne have reduced their asking price at least once, against 37.6% across Miami-Dade County, according to PBP Real Estate's daily analysis of BeachesMLS listing data as of September 7, 2026."
Sparklines show the daily reading since 2026-09-06, up to the trailing 90 days. Buyer Hesitation Time is the median cumulative days on market; Seller Blink Rate is the share of active listings with at least one price reduction.
A home that is priced properly on day one sells in the first few weeks. One that is not gets cut, sits, or comes back on the market as a fresh listing. This page counts all three every morning for Key Biscayne, houses and condominiums separately, from our own MLS feed. It is the number a seller should know before choosing an asking price, and the number a buyer should know before making an offer.
39.4% of Key Biscayne houses are fresh and holding their price; 21.2% are past 90 days and have never cut
- Fresh, no cut (60 days or less)
- Cut at least once
- Over 90 days, never cut
- Other (61 to 90 days, no cut)
Source: BeachesMLS, listings permitted for internet display, via PBP Real Estate's brokerage feed. As of Sep 7, 2026.
Every active listing falls into one of three states: fresh with no cut (on the market 60 days or less at its original price), cut at least once, or past 90 days and never cut. The first group is the market working; the second is the market correcting; the third is waiting for a buyer who has not come.
Price cuts by price band, Key Biscayne houses
Source: BeachesMLS, listings permitted for internet display, via PBP Real Estate's brokerage feed. As of Sep 7, 2026. * $5M and up: fewer than 30 listings, read with care. Bands under 10 listings are gray and not read at all.
Longer bars mean more of that band has had to come down; the days figure is the median true time on market for the whole band. Condominium bands: Under $250K too few to read of 0; $250K to $500K too few to read of 8; $500K to $1M 40.9% of 22; $1M and up 32% of 75.
42.4% of Key Biscayne houses and 43.8% of condominiums have waited more than 90 days
Source: BeachesMLS, listings permitted for internet display, via PBP Real Estate's brokerage feed. As of Sep 7, 2026.
Days on market as shown on portals resets each time a home is withdrawn and relisted; cumulative days on market does not. 6.1% of active houses and 0% of active condos carry a longer cumulative history than their current listing shows. The median house shows 73 days on its current listing and 73 days in truth.
| Cumulative days on market | Houses | Share | Condominiums | Share |
|---|---|---|---|---|
| 30 days or less | 10 | 30.3% | 33 | 31.4% |
| 31 to 60 | 4 | 12.1% | 14 | 13.3% |
| 61 to 90 | 5 | 15.2% | 12 | 11.4% |
| 91 to 180 | 6 | 18.2% | 29 | 27.6% |
| More than 180 | 8 | 24.2% | 17 | 16.2% |
66.7% of Key Biscayne houses now under contract never reduced their asking price
Source: BeachesMLS, listings permitted for internet display, via PBP Real Estate's brokerage feed. As of Sep 7, 2026.
Of the 6 Key Biscayne houses now under contract, 33.3% cut their price before a buyer committed, by a median 8.4%; the median took 169 days in total. For condominiums, 25% of 16 cut first. The remainder went under contract without ever reducing their asking price. That does not mean they sold for asking: the accepted offer can sit below the list price, and the final sale price is only known once the sale closes and is recorded in the MLS. What the data does show is that these sellers never had to lower their price to attract a committed buyer, which is the closest measure of priced properly available before closing.
Trend since tracking began
Source: BeachesMLS, listings permitted for internet display, via PBP Real Estate's brokerage feed. As of Sep 7, 2026.
What to do with this
Sellers
- Set the asking price against the 39.4% of Key Biscayne houses that are fresh and holding, not the 24.2% that have already come down.
- If a listing has passed 60 days without an offer, the data says the next move is a price decision, not another photo shoot.
- A withdrawn-and-relisted home still carries its full history in the MLS; buyers' agents see it.
Buyers
- Ask for the cumulative days on market, not the portal figure; in Key Biscayne they differ for 6.1% of houses.
- A listing past 90 days that has never cut (21.2% of houses) is where offers below asking are most often entertained.
- Homes in the most-reduced band have cut most often; expect competition to be thinner there.
Media writers
- Angle: Key Biscayne sellers are holding firmer than the county: 24.2% of houses cut versus 37.6% across Miami-Dade County.
- Attribute to: PBP Real Estate analysis of BeachesMLS listing data, as of September 7, 2026. Method note at the foot of this page; figures refresh every morning.
More live Key Biscayne data
As of September 7, 2026. PBP Real Estate analysis of BeachesMLS listings.
For journalists: the Key Biscayne numbers, ready to run
Everything on this page as a news kit, rebuilt every morning: three headline options, an AP-style lede, a fact box with exact figures and periods, three quotable data points, the charts above as standalone images with captions and alt text, and the methodology. Free to reuse with attribution to PBP Real Estate analysis of BeachesMLS listing data. No form, no gate.
Headline options today
- 24.2% of Key Biscayne houses for sale have cut their asking price, 35.5% of condos
- Key Biscayne sellers hold firmer than the rest of Miami-Dade County as 42.4% of houses pass 90 days on the market
- Buying in Key Biscayne? One in four houses have already come down once, by a median $925K
Quotable
"24.2 percent of single-family homes for sale in Key Biscayne have reduced their asking price at least once, by a median $925K."
Download
- Full press kit (zip, 822 KB): PDF, plain text, three PNG charts, captions and alt text
- Journalist package (PDF)
- Plain text, paste-ready
- Key Biscayne houses are cutting 13.4 points less often than Miami-Dade County (PNG)
- 42.4% of Key Biscayne houses for sale have waited more than 90 days, counting every relisting (PNG)
- Price cuts by price band, Key Biscayne houses (PNG)
Need a number or a licensed quote
Gia Freer, Broker of Record (Lic. BK689801) · 561-395-8418 · info@pbpre.com · same-day response Monday to Saturday. All city kits: pbprealestate.com/press.
Questions people actually ask
What share of Key Biscayne homes for sale have cut their price?
As of September 7, 2026, 24.2% of single-family homes for sale in Key Biscayne (8 of 33) show an asking price below their original list price. For condominiums it is 36.2% (38 of 105). 1 houses and 14 condos cut in the last 30 days. Across Miami-Dade County the shares are 37.6% for houses and 37.4% for condominiums. Source: BeachesMLS, listings permitted for internet display.
How big is a typical price cut in Key Biscayne?
The median reduction from original asking price among Key Biscayne houses that have cut is 7.1%, about $925K. Among condominiums it is 4.6%, about $88K. These are medians across every reduced active listing, not a forecast for any one home.
What are true days on market, and why do they differ from days on market?
Days on market resets when a listing is withdrawn and relisted. Cumulative days on market counts the whole history. In Key Biscayne today the median house shows 73 days on its current listing but 73 days cumulatively; 6.1% of active houses and 0% of condos have been relisted at least once.
Do Key Biscayne homes that go under contract usually cut first?
Of the 6 Key Biscayne houses currently under contract, 33.3% reduced their asking price before finding a buyer, with a median reduction of 8.4%; the median took 169 days. For condominiums 25% of 16 cut first. The rest went under contract without ever reducing their asking price. That is a statement about the list price, not the contract price: the accepted offer can sit below asking, and the final sale price is only known once the sale closes and is recorded in the MLS.
Are Key Biscayne sellers cutting more or less than similar-priced cities right now?
By PBP's disclosed rule, Key Biscayne houses read Cutting at peer pace today: 24.2% cut versus 34% across 9 similar-priced cities (Miami-Dade County 37.6%); 66.7% of 6 under contract never cut. Condominiums read Cutting at peer pace: 36.2% cut versus 38.1% across 14 similar-priced cities (Miami-Dade County 37.4%); 75% of 16 under contract never cut. Peer group for houses (median asking $2M and up: Miami Shores, Southwest Ranches, Lighthouse Point, Coral Gables, North Palm Beach, Miami Beach, Pinecrest, Palm Beach).
How the read works: each city is compared with its peer group, the South Florida cities whose median asking price falls in the same tier (houses and condominiums separately; the peer figure is the median of those cities, so no single large city dominates). Firmer than similar-priced cities: price-cut share at least 3 points under the peer figure and at least 65% of under-contract listings (minimum 10) never cut. Cutting faster than similar-priced cities: 3 or more points over. Cutting at peer pace: in between. Where a tier has fewer than four cities the county is used instead and the label says so. Every read is relative: price cuts are under way in every one of these markets, and the cut share is shown beside each label. A read of today's listings, not a forecast.
How often is this page updated?
Every morning. The figures come from PBP Real Estate's own MLS data feed and are rebuilt daily at about 5:00 AM Eastern; this version is as of September 7, 2026. Closed-sale figures elsewhere on the site are pinned to the latest full month, but active-listing figures like these move every day.
For sellers
Pricing a home correctly is a skill. It starts with data most agents and consumers never see.
24.2% of the homes for sale in Key Biscayne have already had to cut, a median $925,000.
This page is built from every Key Biscayne listing in BeachesMLS and refreshed each morning. Gia Freer, Broker of Record, turns that same data into one written pricing opinion for your home: the sales, cuts and days on market it actually competes with, with the reasoning, before it goes live.
No website estimate, no automated number: a comparative market analysis done by hand, within one business day.
Selling? Pricing correctly is a skill. Gia Freer prices your home from this data before it goes live.
Price my home correctlyMethod: counts and medians over active and under-contract listings in Key Biscayne and Miami-Dade County permitted for internet display in PBP Real Estate's BeachesMLS data feed, snapshotted daily. A price cut means the current asking price is below the original list price; cumulative days on market counts every relisting. Houses are single-family residences; condominiums exclude townhouses and villas. Bands with fewer than 30 listings are marked; fewer than 10 are not read. A segment with fewer than 30 active listings is counted but not reported as percentages; a segment with 30 to 39 is reported and labeled a small sample. This data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. Based on information © 2026 BeachesMLS, Inc. Equal Housing Opportunity.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated September 7, 2026.