33157 Palmetto Bay Home Market Report — November 2026
Monthly Market Report · November 15, 2026
Market Summary
As of November 15, 2026, ZIP 33157 has 246 active listings at a median list price of $720K ($401 per sqft). 621 homes closed in the past 12 months at a median sold price of $690K, implying 4.8 months of supply. Homes here sell for about 96.1% of list price.
Single-family homes sold for a median 94.6% of their original asking price (97.0% of the final list price), went under contract in a median 43 days and closed in 83. 26% of buyers paid cash, 71% 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 94.6% of their original asking price (97.0% of the final list price), went under contract in a median 43 days and closed in 83.
43 days
median, listing → contract
34 days
median, contract → closing
83 days
median, listing → closing
% of original ask94.6%
% of final list price97.0%
82% of single-family homes (450 of 549) sold below their original asking price. Based on 551 closed sales, Nov 2025 – Oct 2026. Days are counted from the listing date.
How buyers paid
Of the 534 buyers whose financing was recorded, 26% paid cash. Across all 551 sales of single-family homes: 26% cash, 71% financed and 3% not disclosed.
Cash25.6%141 sales
Financed (mortgage or other loan)71.3%393 sales
Not disclosed3.1%17 sales
26%
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 551 closed sales, Nov 2025 – Oct 2026.
For Sale in ZIP 33157
246 single-family homes & townhomes currently for sale · $99,000 – $3,300,000.
ZIP 33157For Sale246 for sale · $99,000 – $3,300,000
We track every closed sale in ZIP 33157 — 621 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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Balanced Market4.8 months of supply
Supply and demand are roughly in balance.
Trades at a 27% discount to the Palmetto Bay average ($401 vs $547 per sqft, below market).
MiamiRE (Miami Association of Realtors) MLS — listings and closed sales.
Geography
every MLS listing whose PostalCode is 33157. A ZIP boundary is a postal route, not a municipal border.
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=621 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.
