Palmetto Bay, FL
Housing market overview · Updated weekly
$1.05Mmedian sale price
Homes sold
25
Last 12 weeks
Days on market
129
Average pace
Active listings
142
5.7 months supply
Sale-to-list
94.7%
Below asking
The Palmetto Bay housing market is currently classified as a buyer's market with a median sale price of $1.05M. Prices have fallen 4.5% compared to last year, with homes spending an average of 129 days on market, indicating 5.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Palmetto Bay
There are currently 142 homes listed for sale in Palmetto Bay, Florida. The median listing price is $1.4M.
Active listings
142
Homes on market
Median list price
$1.4M
Avg. days on market
129
Days until sale
New this week
43
Newly listed
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Frequently asked questions
What is the average home price in Palmetto Bay?
The median home sale price in Palmetto Bay is $1.05M, down 4.5% from last year.
How long do homes stay on market in Palmetto Bay?
Homes typically spend 129 days on market before going under contract.
Is Palmetto Bay a buyer's or seller's market?
With 5.7 months of supply, Palmetto Bay is currently a buyer's market.
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