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Housing Market

Palmetto Bay housing market

The median home in Palmetto Bay sold for $0 in October 2026, up 5.9% from $1,150,000 15 months earlier. On the measures below the market is close to balanced.

What is your Palmetto Bay home worth?

The median tells you about the market. It does not tell you about your home. Ask for a valuation built from recent sales near you rather than an online estimate.

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Where Palmetto Bay stands right now

Leverage

Are buyers or sellers in control in Palmetto Bay?

On the last full month of data, Palmetto Bay is close to balanced.

That is where the market stands today. Which way it has been moving is a separate question, and the trends below answer it.

    Read from months of supply, the share of sales closing above asking, and the share of sellers who cut their price. Each is scored against conventional thresholds and the balance decides. This describes the months already closed, not a prediction of what comes next.

    Palmetto Bay market trends, month by month

    Every figure below is a complete calendar month. Blank months had too few sales to support a reliable median.

    Median sale price

    $1,150,000 in Jul 2025 to $1,217,500 in Sep 2026, up 5.9% over 15 months. Trending in sellers' favour.

    Median sale price by month
    MonthMedian sale price
    Jul 2025$1,150,000
    Aug 2025$1,030,000
    Sep 2025$1,160,000
    Oct 2025$1,150,000
    Nov 2025$1,150,000
    Dec 2025$977,500
    Jan 2026$1,192,500
    Feb 2026$1,050,000
    Mar 2026$890,000
    Apr 2026$1,282,500
    May 2026$1,075,000
    Jun 2026$1,347,500
    Jul 2026$1,075,000
    Aug 2026$1,500,000
    Sep 2026$1,217,500
    Oct 2026too few sales to report

    One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.

    Median days on market

    62 days in Jul 2025 to 80 days in Sep 2026, up 29% over 15 months. Trending in buyers' favour.

    Median days on market by month
    MonthMedian days on market
    Jul 202562 days
    Aug 202565 days
    Sep 202550 days
    Oct 202564 days
    Nov 202548 days
    Dec 202534 days
    Jan 202643 days
    Feb 202690 days
    Mar 202671 days
    Apr 202656 days
    May 202660 days
    Jun 202648 days
    Jul 202646 days
    Aug 202621 days
    Sep 202680 days
    Oct 2026too few sales to report

    One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.

    Share of sales closing above asking

    0.0% in Jul 2025 to 7.9% in Sep 2026 over 15 months.

    Share of sales closing above asking by month
    MonthShare of sales closing above asking
    Jul 20250.0%
    Aug 20258.0%
    Sep 20256.9%
    Oct 20258.0%
    Nov 20250.0%
    Dec 20253.6%
    Jan 20260.0%
    Feb 20260.0%
    Mar 20264.0%
    Apr 20260.0%
    May 20263.3%
    Jun 20266.5%
    Jul 20268.0%
    Aug 20265.9%
    Sep 20267.9%
    Oct 2026too few sales to report

    One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.

    Share of sellers who cut their price

    62.5% in Jul 2025 to 47.4% in Sep 2026, down 24.2% over 15 months. Trending in sellers' favour.

    Share of sellers who cut their price by month
    MonthShare of sellers who cut their price
    Jul 202562.5%
    Aug 202564.0%
    Sep 202544.8%
    Oct 202552.0%
    Nov 202550.0%
    Dec 202535.7%
    Jan 202630.0%
    Feb 202660.0%
    Mar 202656.0%
    Apr 202653.9%
    May 202633.3%
    Jun 202643.5%
    Jul 202632.0%
    Aug 202629.4%
    Sep 202647.4%
    Oct 2026too few sales to report

    One month is left blank because fewer than ten homes closed, which is too small a sample for a reliable median.

    Homes sold

    16 in Jul 2025 to 7 in Oct 2026, down 56.2% over 16 months.

    Homes sold by month
    MonthHomes sold
    Jul 202516
    Aug 202525
    Sep 202529
    Oct 202525
    Nov 202518
    Dec 202528
    Jan 202620
    Feb 202625
    Mar 202625
    Apr 202626
    May 202630
    Jun 202646
    Jul 202625
    Aug 202617
    Sep 202638
    Oct 20267

    Buying in Palmetto Bay?

    The same figures read differently from the buying side. Ask what they mean for an offer on a specific home rather than for the market as a whole.

    Browse Homes for SaleTalk to a Buyer's Agent

    Nearby Markets

    Compare Palmetto Bay with nearby markets

    Source: BeachesMLS via Trestle, compiled by Pure Equity Realty. Figures cover residential sales and exclude land and commercial. Updated nightly.

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