Housing in Palmetto Bay, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$1,192,500
Median List Price
$1,337,500
Price Per Sq Ft
$454
Days on Market
88
Active Inventory
130
Months of Supply
6.5
Buyer's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
10.0%
Sale-to-List Ratio
94.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
20
New Listings
32
Pending Sales
30
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$454
Median List $/SF
$560
Palmetto Bay vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Palmetto Bay is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$787,000
Median Rent
$1,862
Total Housing Units
8,760
Vacancy Rate
7.1%
Owner Occupied
79.0%
Renter Occupied
21.0%
Median Property Tax
$6,601
per year
Monthly Cost (w/ Mortgage)
$2,919
Housing Types
The current median sale price in Palmetto Bay, FL is $1,192,500 according to Redfin data. Homes spend a median of 88 days on the market. 0.0% of homes sold above asking price. The market has 6.5 months of supply. The median price per square foot is $454. The median rent is $1,862 per month (Census ACS). About 79.0% of housing units are owner-occupied. The median year homes were built is 1976. There are 8,760 total housing units.