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Featured local agent — Palmetto, FL
Sarah Mitchell
Compass Real Estate · Palmetto, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmetto, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$325,000median sale price
How is the Palmetto, FL housing market right now?
The median home sale price in Palmetto, FL is $325,000, down 2.0% year-over-year. Homes sell in an average of 79 days with 99 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palmetto a buyer's or seller's market?
Palmetto, FL is currently a buyer's market, based on 7.6 months of supply and homes selling in about 79 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
79
Average pace
Active listings
99
7.6 months supply
Sale-to-list
98.0%
Below asking
What does the Palmetto housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,000 |
| Median list price | $359,900 |
| Year-over-year price change | -2.0% |
| Average days on market | 79 days |
| Active inventory | 99 listings |
| Months of supply | 7.6 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $202/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 21 |
| Listings with a price cut | 37.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palmetto by property type?
How the Palmetto, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $312,500 | $213/sq ft | 10 | 79 days |
| Condo / Co-op | $350,429 | $198/sq ft | 3 | 293 days |
| Townhouse | $355,000 | $136/sq ft | 3 | 71 days |
Source: Redfin · Updated monthly
The Palmetto housing market is currently classified as a buyer's market with a median sale price of $325,000. Prices have fallen 2.0% compared to last year, with homes spending an average of 79 days on market, indicating 7.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Palmetto
There are currently 99 homes listed for sale in Palmetto, Florida. The median listing price is $360K.
Active listings
99
Homes on market
Median list price
$360K
Avg. days on market
79
Days until sale
New this week
21
Newly listed
Who lives in Palmetto?
Population
13,449
Median income
$61,538/yr
Median age
52.8 years
Owner-occupied
67.9%
College grads
30.2%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Palmetto?
Zillow home value
$351,506
Zillow rent index
$2,245/mo
Price-to-rent ratio
13.0x
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Palmetto?
Palmetto is a community of approximately 13K residents with a median age of 52.8 years.The median household income is $61,538, which represents a working-class community with solid middle-income opportunities. 30.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palmetto offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palmetto?
14 schools tracked · 10,038 students
The largest public schools serving Palmetto, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PALMETTO HIGH SCHOOL
Grades 9-12 · 2,194 students
MANATEE SCHOOL FOR THE ARTS
Grades 6-12 · 2,001 students
BUFFALO CREEK MIDDLE SCHOOL
Grades 6-8 · 1,122 students
VIRGIL MILLS ELEMENTARY SCHOOL
Grades PK-5 · 833 students
IMAGINE CHARTER SCHOOL AT NORTH MANATEE
Grades PK-8 · 773 students
JAMES TILLMAN ELEMENTARY MAGNET SCHOOL
Grades PK-5 · 575 students
PALM VIEW K-8 SCHOOL
Grades PK-8 · 571 students
PALMETTO ELEMENTARY SCHOOL
Grades PK-5 · 545 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palmetto, FL?
Want a head-to-head view? Compare Palmetto side-by-side with any other U.S. city using our market-comparison tool.
Is Palmetto a good real estate investment market?
For investors evaluating Palmetto, the price-to-rent ratio of 13.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 2.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palmetto's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palmetto's median home price.
Frequently asked questions
What is the average home price in Palmetto?
The median home sale price in Palmetto is $325,000, down 2.0% from last year.
How long do homes stay on market in Palmetto?
Homes typically spend 79 days on market before going under contract.
What is the median income in Palmetto?
The median household income is $61,538 per year.
Is Palmetto a buyer's or seller's market?
With 7.6 months of supply, Palmetto is currently a buyer's market.
What is the Zillow home value estimate for Palmetto?
The Zillow Home Value Index (ZHVI) for Palmetto is $351,506, representing the typical home value in the area.
What is the median condo price in Palmetto?
The median condo/co-op sale price in Palmetto, FL is $350,429, compared to $312,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palmetto?
The median single-family home price in Palmetto, FL is $312,500 (about $213 per square foot).
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