Palmetto Bay Home Values (2026): What Houses Are Actually Selling For
Palmetto Bay, Miami-Dade County, Florida · Momentum Research · updated 2026-09-07
Homes in Palmetto Bay sold for a median of $500,000 over the last 12 months (227 recorded sales), $389 per square foot, and prices are flat 0.5% year over year. The typical sale took 45 days to go under contract and closed at 93.7% of the original asking price. Long run: 3.1% a year since 2012 (median $328K then). No algorithm can price your specific house from that; a records-based valuation can. The data first, then how to get one.
Palmetto Bay home values year by year
Median recorded sale price, price per square foot, days to contract and sale-to-ask for every year we hold Palmetto Bay sales. The compound growth rate works out to 3.1% a year since 2012 (median $328K then).
| Year | Median sale | $/sq ft | Days to contract | Sale-to-ask | Sales |
|---|---|---|---|---|---|
| 2012 | $327,625 | $133 | 45 | 94.3% | 48 |
| 2013 | $362,874 | $144 | 32 | 94.2% | 99 |
| 2014 | $483,410 | $173 | 59 | 95.9% | 87 |
| 2015 | $417,801 | $181 | 46 | 94.4% | 116 |
| 2016 | $475,900 | $184 | 60 | 95.5% | 26 |
| 2018 | $364,739 | $213 | 32 | 95.9% | 205 |
| 2019 | $328,358 | $213 | 30 | 95.5% | 273 |
| 2020 | $352,280 | $218 | 40 | 95.0% | 313 |
| 2021 | $363,837 | $236 | 24 | 97.7% | 345 |
| 2022 | $443,569 | $286 | 17 | 98.4% | 332 |
| 2023 | $487,350 | $325 | 27 | 97.0% | 212 |
| 2024 | $545,388 | $360 | 22 | 96.3% | 259 |
| 2025 | $672,968 | $376 | 46 | 93.7% | 262 |
| 2026 | $614,209 | $380 | 46 | 93.7% | 227 |
Where the Palmetto Bay market is tight, by price band
Months of supply is active inventory divided by the monthly sales pace; under about four months favors sellers, over six favors buyers. Find your band before you price.
Palmetto Bay home values by ZIP code
Active listings and list medians from our feeds today; the typical value and one-year change are Zillow’s ZHVI for the ZIP, which tracks the whole housing stock rather than only what sold.
| ZIP | Active listings | Median list | Typical value (ZHVI) | 1-yr change | Listings with a price cut |
|---|---|---|---|---|---|
| 33157 | 12 | $335,000 | $630,585 | +0.1% | 20% |
| 33176 | 5 | $274,900 | $630,508 | +1.4% | 20% |
Home values by community in Palmetto Bay
The communities with the most recorded sales in the last 12 months. Each links to its own home-value page with the full price history.
| Community | Median sale | Year over year | Days to contract | Sales (12 mo) | Active |
|---|---|---|---|---|---|
| SPANISH TRACE CONDO | $207,000 | -11.3% | 37 | 15 | 0 |
| BRIAR BAY TOWNHOUSE ESTAT | $515,000 | +3.5% | 16 | 14 | 0 |
| REPLAT OF PORTIONS OF RIC | $582,500 | +13.7% | 36 | 13 | 0 |
| KENDALE | $901,300 | +0.1% | 35 | 12 | 0 |
| WEITZER SERENA LAKES WEST | $500,000 | -10.7% | 35 | 11 | 0 |
| KILLIAN PINES TOWNHOUSES | $470,000 | -2.0% | 23 | 9 | 0 |
| RICHMOND TOWNHOUSE | $407,500 | +0.9% | 6 | 8 | 0 |
| BRIAR BAY URBAN PARK SEC | $1,015,000 | n/a | 17 | 7 | 0 |
| GALLOWAY GLEN | $2,050,000 | -2.4% | 159 | 7 | 0 |
| RICHMOND HGTS ESTS 3RD AD | $480,000 | -10.3% | 181 | 7 | 0 |
| THE GRANDE CONDO | $465,000 | n/a | 41 | 7 | 0 |
| 8TH ADDN TO RICHMOND HEIG | $499,000 | n/a | 20 | 6 | 0 |
What moves the sale price in Palmetto Bay beyond the medians
Cash paid for about 30% of recent Palmetto Bay closings. Sellers have been closing at 93.7% of original asking, so the list price is a negotiation opener, not the number. Zillow’s ZIP metrics put the city’s price-to-income ratio near 7.63 and five-year appreciation near +6.6%. Property mix: SingleFamilyResidence 51%, Condominium 33%, Townhouse 15%. Condition, lot, roof age, insurance quote and the specific street’s last three closings move an individual house well outside these ranges.
What is my house worth in Palmetto Bay?
Not a number this page can give you, and not one an automated model can either: every value above is a median of many Palmetto Bay sales, and the spread inside it is wide. A records-based valuation pulls the recorded closings on your street and in your community, adjusts for size, condition, lot and what your home has that the comps do not, and comes back as a written range with a net sheet showing what you would clear at each price after commissions, Florida doc stamps, title and payoff. Momentum Realty does that for Palmetto Bay owners at no cost through the form below; the Messtimate gives a square-footage range in the meantime, and the seller net proceeds calculator runs the arithmetic on any price you are considering.
Selling in Palmetto Bay: next steps
- Best time of year to sell in Miami-Dade County
- Seller net proceeds calculator
- Miami-Dade County property tax rate and calculator (what a buyer will pay after your sale)
- Homes for sale in Palmetto Bay right now (your competition)
- Palmetto Bay housing market: live data and trends
- How Momentum sells homes
Frequently asked questions
What is the median home price in Palmetto Bay, FL?
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Which Palmetto Bay communities hold value best?
Figures are recorded closed sales and active listings from the MLS feeds behind our Palmetto Bay pages, aggregated by Momentum Research as of 2026-09-07; ZIP typical values from Zillow (ZHVI). Community-level aggregates only; nothing on this page is a valuation of any specific property, an appraisal, or an offer. Deemed reliable but not guaranteed. EAB RE Investments LLC dba Momentum Realty, a licensed Florida real estate brokerage. Equal Housing Opportunity.