How much do homes in Palmetto Bay, FL cost?

Median List Price

$684,800

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$77,350(+12.7%)

Key Takeaway

The list price of homes in Palmetto Bay has increased by 12.7% 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 $149.5K$152.9K+2.3%
2 $174.9K$197K+12.6%
3 $499K$577K+15.6%
4 $625K$685K+9.6%
5+ $799K$867K+8.5%

Median List Price Compared To Nearby Cities

Kendall-Palmetto Bay
+23.2%
Pinecrest
+21.4%
Coral Gables
+20.9%
Palmetto Bay
+12.7%
Cutler Bay
+9.0%

How many homes are available in Palmetto Bay, FL?

Number of Homes For Sale

Apr 2021May 2021%
147137-6.8%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 46+50.0%
2 550.0%
3 25250.0%
4 6664-3.0%
5+ 4737-21.3%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
163 Days81 Days-50.4%

Breakdown of Home Sale Times

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About Palmetto Bay, FL

There are 137 homes are for sale in Palmetto Bay, FL real estate market.

In May 2021 median list price was $684,800 and the average listing age was 81 days.

Listing prices have changed in this real estate market between April 2021 and May 2021: the cost of 1 bedroom properties went up by 2.3%, 2 bedrooms properties became 12.6% more expensive, prices of 3 bedrooms properties went up by 15.6%, prices of 4 bedrooms properties went up by 9.6%, prices of 5 bedrooms properties went up by 8.5%.

The inventory of homes for sale in Palmetto Bay, FL between April 2021 and May 2021 decreased by 6.8%.

Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 50%, 2 bedrooms homes did not move, 3 bedrooms homes did not move, 4 bedrooms homes became 3% less available, the quantity of 5 bedrooms homes went down by 21.3%.

While more than 12 listings in Palmetto Bay, FL in May 2021 were sold above asking price, there were more than 3 listings sold at asking price, and more than 13 were sold below.

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