Housing · Palmetto Bay
Palmetto Bay, FL housing market
Homes typically sell in 89 days, below asking.
Home values, sales, trends and how Palmetto Bay compares with the towns next door — updated as new data is published.
The market right now
Palmetto Bay at a glance
Median sale price
$1.11M
May 2026 · Redfin
Days on market
89
Florida: 66 days
Sale-to-list
93.5%
Homes sell below asking
Homes sold
28
in May · 131 for sale
Market temperature
A balanced market
Buyer's marketBalancedSeller's market
About 4.7 months of supply: neither buyers nor sellers have a clear edge.
Nearby
Palmetto Bay and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Palmetto Bay | — | — | 89 | $142,447 |
| Coral Gables | $1.56M | +6.9% | 89 | $134,216 |
| Cutler Bay | $564K | +0.3% | 74 | $89,244 |
| Palmetto Estates | — | — | 50 | $82,064 |
| Pinecrest | $2.21M | +5.6% | 55 | $206,417 |
Affordability
6.2 years of income
The typical Palmetto Bay home costs about 6.2 years of the town's median household income, more than across Florida (5 years).
How Palmetto Bay ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
78.2%
Florida: 67.6%
Median tax bill
$6,758
Florida: $2,730
Median rent
$2,101
Florida: $1,669
Typical home built
1976
Florida: 1988
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.