How much do homes in Kendall-Palmetto Bay, FL cost?

Median List Price

$649,975

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$122,244(+23.2%)

Key Takeaway

The list price of homes in Kendall-Palmetto Bay has increased by 23.2% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $179K$185K+3.4%
2 $249K$268.2K+7.7%
3 $399K$450K+12.8%
4 $649.4K$749.6K+15.4%
5+ $1.7M$2.2M+26.8%

Median List Price Compared To Nearby Cities

Kendall-Palmetto Bay
+23.2%
Pinecrest
+21.4%
South Miami
+13.4%
Palmetto Bay
+12.7%
South Westside
+11.9%

How many homes are available in Kendall-Palmetto Bay, FL?

Number of Homes For Sale

Apr 2021May 2021%
1,080960-11.1%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 8266-19.5%
2 173157-9.2%
3 239216-9.6%
4 243222-8.6%
5+ 343299-12.8%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
202 Days102 Days-49.6%

Breakdown of Home Sale Times

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About Kendall-Palmetto Bay, FL

Kendall-Palmetto Bay, FL has 960 homes on the market.

The median list price of listings available in May 2021 was $649,975, while the average time on the real estate market was 102 days.

Between April 2021 and May 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 3.4%, prices of 2 bedrooms properties went up by 7.7%, 3 bedrooms properties prices increased by 12.8%, the cost of 4 bedrooms properties went up by 15.4%, 5 bedrooms properties became 26.8% more expensive.

In May 2021 in Kendall-Palmetto Bay, FL there were 11.1% less homes for sale than in April 2021.

Volume of homes for sale changed: volume of 1 bedroom homes went dowm by 19.5%, the quantity of 2 bedrooms homes went down by 9.2%, 3 bedrooms homes became 9.6% less available, number of 4 bedrooms homes decreased by 8.6%, number of 5 bedrooms homes decreased by 12.8%.

Kendall-Palmetto Bay, FL housing market in May 2021 saw over 39 listings sold above listed price, more than 22 sold at listed price and over 129 sold below.

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