Market Report

Market Report

Palmetto Bay, FL

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% of Asking Price
All Property Types
93%
May 2026
1.1%
since
What kind of market is it?
Buyer's Market
Seller Market
8.5 Months of Supply
What's this mean?

Buyer's Market: More than 6 months of inventory based on closed sales

Seller's Market: Less than 3 months of inventory based on closed sales

Neutral's Market: 3-6 months of inventory based on closed sales

Buyer Market
May 2026
29.9%
since
Avg. Days on Market
All Property Types
123 Days
May 2026
137.7%
since
Monthly Inventory
Number of listings on the market at
any point during May of 2026
170 Properties
164 Single Family
0 Land/Farm
15 Condo
May 2026
107.3%
since
Palmetto Bay / May 2026 / All Property Types
Monthly Supply of Inventory
Total Homes Sold
All Property Types
29 Homes
May 2026
314.3%
since
Palmetto Bay / May 2026 / All Property Types
Homes Sold By Price Range
New Listings
All Property Types
25 Homes
May 2026
24.2%
since
Palmetto Bay / May 2026 / All Property Types
Homes Listed By Price Range
Homes Sold
All Property Types / Year to Date
123 Homes
Jan 2026 - May 2026
272.7%
since
Average Sales Price
All Property Types
$1.2M Median Price - $1.1M
May 2026
27.1%
since
Average Price / SqFt
All Property Types
$498 / SqFt
May 2026
5.1%
since

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