Housing Market
Palmetto Bay housing market
The median home in Palmetto Bay sold for $1,217,500 in September 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.
Where Palmetto Bay stands right now
Median sale price
$1,217,500
September 2026
Homes for sale
91
as of today
Months of supply
3.4
inventory ÷ recent sales
Median days on market
80 days
September 2026
October 2026 is still in progress, so its 7 closed sales so far are not comparable to a full month and are left out of the trends below.
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.
- ·3.4 months of supply, which favours sellers
- ·7.89% of sales closed above asking
- ·47.37% of sellers cut their price before closing
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.
| Month | Median 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 |
Median days on market
62 days in Jul 2025 to 80 days in Sep 2026, up 29% over 15 months. Trending in buyers' favour.
| Month | Median days on market |
|---|---|
| Jul 2025 | 62 days |
| Aug 2025 | 65 days |
| Sep 2025 | 50 days |
| Oct 2025 | 64 days |
| Nov 2025 | 48 days |
| Dec 2025 | 34 days |
| Jan 2026 | 43 days |
| Feb 2026 | 90 days |
| Mar 2026 | 71 days |
| Apr 2026 | 56 days |
| May 2026 | 60 days |
| Jun 2026 | 48 days |
| Jul 2026 | 46 days |
| Aug 2026 | 21 days |
| Sep 2026 | 80 days |
Share of sales closing above asking
0.0% in Jul 2025 to 7.9% in Sep 2026 over 15 months.
| Month | Share of sales closing above asking |
|---|---|
| Jul 2025 | 0.0% |
| Aug 2025 | 8.0% |
| Sep 2025 | 6.9% |
| Oct 2025 | 8.0% |
| Nov 2025 | 0.0% |
| Dec 2025 | 3.6% |
| Jan 2026 | 0.0% |
| Feb 2026 | 0.0% |
| Mar 2026 | 4.0% |
| Apr 2026 | 0.0% |
| May 2026 | 3.3% |
| Jun 2026 | 6.5% |
| Jul 2026 | 8.0% |
| Aug 2026 | 5.9% |
| Sep 2026 | 7.9% |
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.
| Month | Share of sellers who cut their price |
|---|---|
| Jul 2025 | 62.5% |
| Aug 2025 | 64.0% |
| Sep 2025 | 44.8% |
| Oct 2025 | 52.0% |
| Nov 2025 | 50.0% |
| Dec 2025 | 35.7% |
| Jan 2026 | 30.0% |
| Feb 2026 | 60.0% |
| Mar 2026 | 56.0% |
| Apr 2026 | 53.9% |
| May 2026 | 33.3% |
| Jun 2026 | 43.5% |
| Jul 2026 | 32.0% |
| Aug 2026 | 29.4% |
| Sep 2026 | 47.4% |
Homes sold
16 in Jul 2025 to 38 in Sep 2026, up 137.5% over 15 months.
| Month | Homes sold |
|---|---|
| Jul 2025 | 16 |
| Aug 2025 | 25 |
| Sep 2025 | 29 |
| Oct 2025 | 25 |
| Nov 2025 | 18 |
| Dec 2025 | 28 |
| Jan 2026 | 20 |
| Feb 2026 | 25 |
| Mar 2026 | 25 |
| Apr 2026 | 26 |
| May 2026 | 30 |
| Jun 2026 | 46 |
| Jul 2026 | 25 |
| Aug 2026 | 17 |
| Sep 2026 | 38 |
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.
Nearby Markets
Compare Palmetto Bay with nearby markets
- Pinecrest housing market
- South Miami housing market
- Sunny Isles Beach housing market
- Miami-Dade County housing market
- Okeechobee housing market
- Okeechobee County housing market
- Boca Raton housing market
- Boynton Beach housing market
- Delray Beach housing market
- Greenacres housing market
Source: BeachesMLS via Trestle, compiled by Pure Equity Realty. Figures cover residential sales and exclude land and commercial. Updated nightly.
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