Palmetto Road Estates
Homes for Sale in Palmetto Bay, FL

Palmetto Road Estates market snapshot (as of September 20, 2026): the median sale price is about $1.07M ($560 per sq ft over the trailing 12 months of closed sales), and a median 58 days on market for closed sales. The trailing-12-month median is down 16% from the prior 12 months and up 138% since 2012, computed from record-level MIAMI MLS closed sales (4 closings in the current window).

In ZIP 33157 (Palmetto Bay), 572 homes closed in the last 12 months at a median of $588K ($383/sq ft), down 1.6% year over year, with a median 52 days on market. Right now 199 active and 76 pending listings put supply at about 3.6 months — a balanced market. See the live ZIP 33157 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 48 homes in PALMETTO ROAD Estates that have changed hands since 2007, built between 1926 and 1995 (median 1968), with a median living area of about 2,366 sq ft and a typical 4-bedroom, 3-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

A low-volume enclave where a handful of closings set the tone — the median sits above a million dollars, but with so few recent sales, each transaction should be read on its own terms rather than as a market trend.

Three closings is not enough to draw a firm line on where this community is headed — it's enough to know where it has been. The median price per square foot near $539 gives a starting point for evaluating a specific listing, but with volume this light, an appraisal or a broker's comparable-sales workup will carry more weight than any aggregate figure.

The -13.7% year-over-year change and a heat score of 29 both suggest reduced urgency in this market right now. Days on market at 36 is moderate, not fast, and not stalled — homes here aren't sitting for months, but they aren't moving in a week either. No community amenities are listed in current MLS data, so buyers evaluating lifestyle features should confirm directly with a specific listing rather than assuming anything is included.

A market this thin on volume rewards a broker who reads individual comps carefully rather than leaning on medians. We'll walk you through what the three recent closings actually looked like — condition, size, and terms — so your offer or your listing price reflects the real comparable set, not just the headline number.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.