Palmetto
Housing Market
Median sale price $385,995, down 1.6% year over year, with homes going under contract in about 45 days, 3 homes on the market.
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Housing Market Analyst
21% of listed homes are already under contract. Prices are down 1.6% versus the prior year, but sellers are still collecting 96.1% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors neither side decisively.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 21% of inventory sits under contract.
- Mortgage sensitivity — at 5.4× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Palmetto data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where Palmetto is hot — and where it isn't
Each dot is a community (8 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on Palmetto
The median sale price across Palmetto currently stands at $385,995, down 1.6% from a year ago. Buyers are paying a median of $191 per square foot. The typical home goes under contract in about 45 days. Sellers are capturing 96.1% of their original asking price on average.
There are 3 active listings on the market, with 1 more already under contract.
Zillow's home value index for Manatee County stands at $409,245. About 28% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Palmetto is 53 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
Palmetto since 2012 — and where it’s heading
A median home here sold for $120,693 in 2012 and $327,634 over the last recorded year — 171% appreciation across 14 years of recorded sales. Cash buyers took 22% of recent sales, down from a 40% peak.
Median sale price · 2012–2026 (1,707 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Manatee County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Manatee County (MLS)
What’s driving Palmetto
Top inbound states: NY, NJ, IL, MA. Movers arriving report ~$121,577 average income. Source: IRS SOI county-to-county migration, 2022-2023
5,326 Citizens policies in force in Manatee County — the state-backed insurer of last resort. Budget insurance into any Manatee purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
7,014 single-family · 4,001 multi-family · 26.5 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Manatee County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Palmetto ← this page | $386K | 3 | 53 | |
| Parrish | $375K | 53 | 66 | Open → |
| Bradenton | $340K | 46 | 49 | Open → |
Neighborhoods on the move
| HEATHER GLEN PH IPalmetto | $320K | ▲ 7% |
| MANGROVE POINTPalmetto | $314K | ▲ 5% |
| TROPIC ISLES CO-OPPalmetto | $180K | ▲ 3% |
| SILVERSTONE NORTHPalmetto | $386K | ▲ -1% |
| EDGEWOOD PARKPalmetto | $242K | ▲ -3% |
| BEL MARE PH IPalmetto | $587K | ▼ 21% |
| SHADOW BROOK MOBILE HOMEPalmetto | $146K | ▼ 9% |
| STONEGATE PRESERVE TOWNHOMESPalmetto | $250K | ▼ 3% |
| EDGEWOOD PARKPalmetto | $242K | ▼ 3% |
| SILVERSTONE NORTHPalmetto | $386K | ▼ 1% |
| PALMETTO ESTATESPalmetto | $310K | 2 |
| PARKSIDEPalmetto | $327K | 1 |
| STONEGATE PRESERVE TOWNHOMESPalmetto | $250K | 10 days |
| EDGEWOOD PARKPalmetto | $242K | 16 days |
| MANGROVE POINTPalmetto | $314K | 16 days |
| HEATHER GLEN PH IPalmetto | $320K | 18 days |
| SHADOW BROOK MOBILE HOMEPalmetto | $146K | 36 days |
Palmetto ZIP codes
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Palmetto right now?
The data says conditions currently favor neither side decisively in Palmetto — the Momentum Score reads 53/100. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Palmetto becoming more affordable?
Yes, modestly — the median sale price in Palmetto is $385,995, down 1.6% versus the prior year, while sellers still capture 96.1% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in Palmetto?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are BEL MARE PH I (-21%); SHADOW BROOK MOBILE HOME (-9%); STONEGATE PRESERVE TOWNHOMES (-3%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which Palmetto neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are STONEGATE PRESERVE TOWNHOMES (10 days); EDGEWOOD PARK (16 days); MANGROVE POINT (16 days) — homes there go under contract well ahead of the market-wide pace of 45 days.
How does Palmetto compare to the rest of Manatee County?
Palmetto's median of $385,995 runs 3% above the county-wide median of $375,000, and homes here take 45 days to go under contract versus 53 county-wide.
Palmetto housing market FAQ
What is the median home price in Palmetto?
The median sale price in Palmetto is currently $385,995, down 1.6% from a year ago, based on MLS sales data updated August 6, 2026.
Is Palmetto a buyer's or seller's market right now?
The data currently is roughly balanced. Palmetto scores 53 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in Palmetto?
The typical home in Palmetto goes under contract in about 45 days, per current MLS data.
How many homes are for sale in Palmetto?
There are approximately 3 active listings in Palmetto as of August 6, 2026.
Are home prices in Palmetto rising or falling?
Median sale prices are down 1.6% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Palmetto. Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.