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Featured local agent — Palmetto Estates, FL
Sarah Mitchell
Compass Real Estate · Palmetto Estates, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmetto Estates, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$520,000median sale price
How is the Palmetto Estates, FL housing market right now?
The median home sale price in Palmetto Estates, FL is $520,000, down 19.1% year-over-year. Homes sell in an average of 50 days with 25 active listings. The market is currently a balanced 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 Estates a buyer's or seller's market?
Palmetto Estates, FL is currently a balanced market, based on 3.1 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
50
Average pace
Active listings
25
3.1 months supply
Sale-to-list
94.4%
Below asking
What does the Palmetto Estates housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $599,500 |
| Year-over-year price change | -19.1% |
| Average days on market | 50 days |
| Active inventory | 25 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 94.4% |
| Median price per sq ft | $378/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 14 |
| Listings with a price cut | 8.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Palmetto Estates by property type?
How the Palmetto Estates, 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 | $520,000 | $378/sq ft | 8 | 50 days |
| Condo / Co-op | $177,000 | $239/sq ft | 1 | 60 days |
Source: Redfin · Updated monthly
The Palmetto Estates housing market is currently classified as a balanced market with a median sale price of $520,000. Prices have fallen 19.1% compared to last year, with homes spending an average of 50 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Palmetto Estates
There are currently 25 homes listed for sale in Palmetto Estates, Florida. The median listing price is $600K.
Active listings
25
Homes on market
Median list price
$600K
Avg. days on market
50
Days until sale
New this week
14
Newly listed
Who lives in Palmetto Estates?
Population
16,587
Median income
$82,199/yr
Median age
41.6 years
Owner-occupied
89.2%
College grads
27.5%
Avg commute
35.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Palmetto Estates?
Palmetto Estates is a community of approximately 17K residents with a median age of 41.6 years.The median household income is $82,199, which reflects a relatively affluent area with strong earning potential. 27.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Palmetto Estates offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Palmetto Estates, FL?
Want a head-to-head view? Compare Palmetto Estates side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Palmetto Estates?
The median home sale price in Palmetto Estates is $520,000, down 19.1% from last year.
How long do homes stay on market in Palmetto Estates?
Homes typically spend 50 days on market before going under contract.
What is the median income in Palmetto Estates?
The median household income is $82,199 per year.
Is Palmetto Estates a buyer's or seller's market?
With 3.1 months of supply, Palmetto Estates is currently a balanced market.
What is the median condo price in Palmetto Estates?
The median condo/co-op sale price in Palmetto Estates, FL is $177,000, compared to $520,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palmetto Estates?
The median single-family home price in Palmetto Estates, FL is $520,000 (about $378 per square foot).
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