As of November 15, 2026, Palmetto Bay has 89 active listings at a median list price of $1.5M ($547 per sqft). 323 homes closed in the past 12 months at a median sold price of $1.2M, implying 3.3 months of supply.
Single-family homes sold for a median 92.4% of their original asking price (94.9% of the final list price), went under contract in a median 50 days and closed in 90. 36% of buyers paid cash, 62% financed and 3% did not disclose.
Based on MLS closed sales. Data current as of November 15, 2026.
How fast single-family homes sell
Single-family homes here sold for a median 92.4% of their original asking price (94.9% of the final list price), went under contract in a median 50 days and closed in 90.
50 days
median, listing → contract
35 days
median, contract → closing
90 days
median, listing → closing
% of original ask92.4%
% of final list price94.9%
92% of single-family homes (272 of 297) sold below their original asking price. Based on 299 closed sales, Nov 2025 – Oct 2026. Days are counted from the listing date.
How buyers paid
Of the 291 buyers whose financing was recorded, 37% paid cash. Across all 299 sales of single-family homes: 36% cash, 62% financed and 3% not disclosed.
Cash35.8%107 sales
Financed (mortgage or other loan)61.5%184 sales
Not disclosed2.7%8 sales
37%
cash share of disclosed sales
97%
of sales reported how the buyer paid
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. From the MLS financing field on 299 closed sales, Nov 2025 – Oct 2026.
For Sale in Palmetto Bay
89 single-family homes & townhomes currently for sale · $172,000 – $9,495,000.
Palmetto BayFor Sale89 for sale · $172,000 – $9,495,000
We track every closed sale in Palmetto Bay — 323 in the last twelve months. Get the new ones, with prices and price per square foot, on the first of each month.
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Seller’s Market3.3 months of supply
Demand outpaces supply — listings move quickly and pricing power favors sellers.
MiamiRE (Miami Association of Realtors) MLS — listings and closed sales.
Geography
every MLS listing whose City field is “Palmetto Bay” — the municipality as filed by the listing agent. Not a ZIP code, a radius, or a neighborhood polygon.
Property types
MLS PropertyType = Residential: condominiums, single-family homes, townhouses and villas. Land, commercial and duplex–quadplex are excluded, as are rentals.
As of
November 15, 2026. This page is a dated snapshot, rebuilt nightly from a live query taken at build time. Inventory counts MLS status Active only — listings under contract (Pending, Active Under Contract) and Coming Soon are not counted as for sale.
Reporting windows
Active listings, median list price and median $/SF are as of the date above. The closed-sale figures — median sold price, the sales count and the year-over-year change — cover a rolling 365 days, November 15, 2025 – November 14, 2026, n=323 closed sales. Year-over-year compares that window with the 365 days before it, and is suppressed unless both sides have at least 5 sales. Months of supply is active listings ÷ (those closed sales ÷ 12). The sale-timing panel states its own window and sample size.
Current figures
This page is a dated snapshot and is not restated. The continuously updated version is Palmetto Bay market analytics, which divides by 12 complete calendar months rather than a rolling year, so its months of supply can differ by about 0.1 and its active count by a few listings.
