ANDRES JARA · REAL ESTATE

Palmetto Bay

Monthly Market Report · August 16, 2026

Market Summary

As of August 16, 2026, Palmetto Bay has 305 active listings at a median list price of $720K ($418 per sqft). 334 homes closed in the past 12 months at a median sold price of $690K, implying 11 months of supply. Homes here sell for about 96.4% of list price.

Based on MLS closed sales. Data current as of August 16, 2026.

For Sale in Palmetto Bay

293 single-family homes & townhomes currently for sale · $110,000 – $3,600,000.

Palmetto BayFor Sale293 for sale · $110,000 – $3,600,000
293
Homes for Sale
$110K
From
$3.6M
Up to
305
Active Listings
$720K
Median List Price
$418
Median $/SqFt
11
Months of Supply
$690K
Median Sold (12mo)
334
Closed Sales
last 12 months
Buyer’s Market11 months of supply

Supply exceeds the current pace of sales — buyers have more leverage.

Trades at a 21% discount to the Palmetto Bay average ($418 vs $528 per sqft, below market).

Median $/SqFt

ZIP 33157 · 3,841 closed sales
Median price per square foot over time$446$322$1972020-082021-082022-082023-082024-082025-082026-08

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