Cedar Key, FL—32625

As of Aug '25, the median home price in Cedar Key, FL is $326,000, with a year-over-year change of -6.8%. This indicates that home prices in Cedar Key, FL are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Cedar Key, FL is 139. This is an decrease of -4.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Cedar Key, FL in that year was 42. 69.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 73.0%. Of those, 31.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Cedar Key, FL. Investor activity in Cedar Key, FL is low, as 5.0% of all loans are originated by investors. In 2023, 21.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.