Momentum Housing Data · Home Values · Miami-Dade County
Buying here? See Palm Lakes homes for sale and the Palm Lakes community guide (Hialeah).
PALM LAKES (FL): 4 recorded closings in the 12 months ending 2026-07-20, a 9-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 96.8% of original asking; the median sale took 21 days (window ending 2026-07-20).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $692,500 | $372 | 21 | 96.8% | 4 |
| 2023 | $574,000 | $345 | 35 | 99.1% | 3 |
| 2022 | $550,000 | $322 | 19 | 101.1% | 5 |
| 2021 | $480,000 | $239 | 9 | 99.1% | 6 |
| 2020 | $365,000 | $232 | 27 | 100.0% | 5 |
| 2019 | $362,500 | $234 | 44 | 96.0% | 10 |
| 2018 | $350,000 | $179 | 21 | 97.5% | 7 |
| 2013 | $264,995 | $119 | 90 | 97.9% | 4 |
| 2012 | $175,000 | $116 | 17 | 91.4% | 5 |
Over the recorded series, PALM LAKES’s median sold price moved from $175,000 (2012) to $692,500 (12 months ending 2026-07-20) — +296% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2012 at $175,000. The 2020–22 run-up did what it did everywhere — PALM LAKES’s median moved +52% from 2019 to 2022. Annual sales volume here has ranged from 0 to 10 closings a year (10-yr average 4.4). With roughly 4.4 closings a year, PALM LAKES’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
What actually trades here: 100% single-family residence, with a median of 1,888 sq ft and a median price per square foot of $372 in the current window.
At PALM LAKES’s $692,500 median and Miami-Dade County’s adopted 17.59 mills (FY2025-26), a home assessed at that price carries roughly $12,180 a year in property tax before exemptions, or about $11,470 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Miami-Dade County tax page.
Cash bought 25% of recorded PALM LAKES sales in the window ending 2026-07 (1 of 4) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a PALM LAKES home against; asking prices are an opening position, recorded closings are the value.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping PALM LAKES are also weighing (same ZIP), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| PALM SPRINGS NORTH | $710,000 | $474 | 37 | 35 |
| SUB OF | $726,000 | $413 | 54 | 3 |
| MIAMI LAKES LOCH NESS SEC | $750,000 | $366 | 4 | 3 |
| MIAMI LAKES LAKE MARTHA S | $785,000 | $388 | 38 | 4 |
More PALM LAKES: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Based on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS(R) for the period 2012 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.