diff --git a/src/useStorageValue/index.dom.test.ts b/src/useStorageValue/index.dom.test.ts
index 03546f02..bd4710ee 100644
--- a/src/useStorageValue/index.dom.test.ts
+++ b/src/useStorageValue/index.dom.test.ts
@@ -298,6 +298,25 @@ describe('useStorageValue', () => {
 			globalThis.localStorage.removeItem('foo');
 		});
 
+		it('should reset state if tracked key is removed', async () => {
+			globalThis.localStorage.setItem('foo', '"bar"');
+			const {result} = await renderHook(() =>
+				useStorageValue<string>(globalThis.localStorage, 'foo', {defaultValue: 'default value'}),
+			);
+			let value = expectResultValue(result);
+			expect(value.value).toBe('bar');
+
+			await act(async () => {
+				globalThis.dispatchEvent(
+					new StorageEvent('storage', {key: 'foo', storageArea: globalThis.localStorage, newValue: null}),
+				);
+			});
+
+			value = expectResultValue(result);
+			globalThis.localStorage.removeItem('foo');
+			expect(value.value).toBe('default value');
+		});
+
 		it('should not update data on event storage or key mismatch', async () => {
 			const {result} = await renderHook(() => useStorageValue<string>(globalThis.localStorage, 'foo'));
 			let value = expectResultValue(result);
diff --git a/src/useStorageValue/index.ts b/src/useStorageValue/index.ts
index 65d7fad6..8d04a889 100644
--- a/src/useStorageValue/index.ts
+++ b/src/useStorageValue/index.ts
@@ -25,7 +25,7 @@ const invokeStorageKeyListeners = (s: Storage, key: string, value: string | null
 };
 
 const storageEventHandler = (evt: StorageEvent) => {
-	if (evt.storageArea && evt.key !== null && evt.key !== '' && evt.newValue !== null && evt.newValue !== '') {
+	if (evt.storageArea && evt.key !== null && evt.key !== '') {
 		invokeStorageKeyListeners(evt.storageArea, evt.key, evt.newValue);
 	}
 };