MEDIAN SALE PRICE
$1.21M
▲ 7.1% YoY
MEDIAN $/SF
$496
▲ 3.5% YTD
ACTIVE INVENTORY
73
for sale
SOLD VS. ORIGINAL ASK
92.4%
NEW94.9% of final list
DAYS TO CONTRACT
50
NEW90 to close
MARKET PULSE
0.42
Balanced
Price cuts (trailing 30d): 29 · 39.7% of active · maturing to a full 30-day share
MEDIAN SALE PRICE OVER TIME
MARKET PULSE
palmetto-bay
BALANCED MARKET
Today 0.42 · Miami-Dade County 0.27
MARKET SUMMARY · 12 MONTHS
| Median sale price | $1.21M | |
| Median $/SF | $496 | |
| Median days on market | 107 | |
| Total sales (12mo) | 298 | |
| New listings (12mo) | 345 | |
| Sold ÷ original ask NEW | 92.4% | |
| Sold ÷ final list price NEW | 94.9% | |
| Sold below original ask NEW | 92% | |
| Median days to contract NEW | 50 | |
| Median days to close NEW | 90 | |
| How buyers paid NEW | 36% cash · 61% fin. · 3% n/d | |
| Months of supply | — | 2.9 |
| Sale-to-just-value ALL HOMES | — | 1.30× |
| Owner-occupied ALL HOMES | — | 79.7% |
TIER HEALTH · NEW VS. ABSORBED
| TIER | MEDIAN | NEW | ABS. | BALANCE |
| $2–5M | $2.54M | — | 1 | SUPPLY-STARVED |
| $1–2M | $1.5M | 8 | 11 | BALANCED |
| Under $1M | $849K | 6 | 7 | BALANCED |
Fixed tiers per §2.2b · new = listed 30d · absorbed = closed 30d.
TIME TO SELL · LISTING TO CLOSING
NEW50
days, listing → contract
35
days, contract → closing
90
days, listing → closing
How long single-family homes took to go under contract
Medians of 296 closed sales, Nov 2025 – Oct 2026. Days are counted from the listing date.
HOW BUYERS PAID
NEW37%
cash share of disclosed sales
Financing reported on 97% of sales (288 of 296).
Cash: paid entirely in cash. Financed: any mortgage or loan, including a mix of cash and loan. Not disclosed: payment method not reported, or reported only as “Other” / 1031 exchange. 296 closed sales of single-family homes, Nov 2025 – Oct 2026.
WHAT LISTING SITES CAN'T SEE PUBLIC RECORDS · RECORDED DEEDStax-roll figures cover all homes · appreciation is single-family homes
79.7%
Owner-occupied (homestead)
1.30×
Sale-to-just-value ratio
37.3%
Homes sold, 10-yr
+3.5%
Appreciation YTD · $/SF CLOSED SALES
Appreciation YTD compares the median price per square foot of closed sales so far this year against the same period last year. Price per square foot rather than median price, because a median price moves with which homes sold — over this span South Beach ran +1.9% on median price but −4.3% per square foot. Effective tax rate: modeling in progress — the county roll carries no millage field, so we show “—” rather than an estimate.
TOP NBHDS · MEDIAN PRICE
| No sub-markets with data yet |
FASTEST SELLING · DOM
| No sub-markets with days-on-market yet |
NBHDS PERFORMANCE · $/SF
| No sub-markets with $/SF yet |
RENTAL MARKET for-lease single-family homes · separate from the for-sale figures above
$6,900/mo
Median asking rent
27
Active rentals
14
New listings (30d)
30
Median days on market
CONDO BUILDINGS IN PALMETTO BAY
Most active buildings by for-sale inventory · all condo buildings in Palmetto Bay → · A–Z directory →
Monthly market report for Palmetto Bay → · Miami-Dade County market →
FREQUENTLY ASKED · PALMETTO BAY
How much do single-family homes cost in Palmetto Bay?
The median sale price in Palmetto Bay is $1.21M over the trailing 90 days, and the median list price is $1,495,000.
Is Palmetto Bay a buyer's or seller's market?
Palmetto Bay is currently a balanced market. Its market pulse — pending sales divided by active listings — is 0.42; readings at or above 0.60 favor sellers and below 0.40 favor buyers.
How many single-family homes are for sale in Palmetto Bay?
There are 73 active for-sale listings of single-family homes in Palmetto Bay as of snapshot 2026-W45, updated weekly.
How long do single-family homes take to sell in Palmetto Bay?
Single-family homes in Palmetto Bay spend a median of 107 days on market.
What is the price per square foot in Palmetto Bay?
The median list price per square foot in Palmetto Bay is $496.
What share of Palmetto Bay homes are owner-occupied?
About 79.7% of homes in Palmetto Bay are owner-occupied (homestead), per public property records.
How often do homes sell in Palmetto Bay?
About 37.3% of homes in Palmetto Bay have changed hands over the past decade — roughly 3.7% per year — based on qualified arm's-length sales in public deed records.
How long do homeowners typically own in Palmetto Bay?
Homeownership in Palmetto Bay skews long-term: only about 37% of homes had a qualified sale in the past decade, so roughly 63% of owners have held 10+ years, per public deed records.
Are single-family home prices in Palmetto Bay rising or falling?
The median sale price in Palmetto Bay is $1.21M, up 7.1% year over year and the median price per square foot is up 3.5%. Figures compare the trailing 90 days to the same period a year earlier.
How much housing inventory does Palmetto Bay have?
Palmetto Bay has about 2.9 months of supply — active for-sale listings divided by the average monthly pace of closed sales over the trailing 12 months. Below roughly six months typically favors sellers; above it favors buyers.
Every figure above appears elsewhere on this page · snapshot 2026-W45.