Franjo Park
Homes for Sale in Palmetto Bay, FL

Franjo Park is a low-volume corner of the Miami-Dade market where pricing this cycle has come down from year-ago levels and homes are sitting on market well beyond a typical quick-close pace.

MIAMI REALTORS sales records identify 43 homes in FRANJO PARK that have changed hands since 2006, built between 1956 and 1971 (median 1958), with a median living area of about 1,508 sq ft and a typical 3-bedroom, 2-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.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Franjo Park is too small for its own price trend, so here is the market around it.

In ZIP 33157, 287 homes are on the market and 35% are under contract — a fast-moving corner of Palmetto Bay.

Across Miami-Dade County, 15,314 homes are active and 3,367 pending (18% under contract).

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.

ZIP and county figures describe the wider market, not Franjo Park specifically. Momentum Research analysis of MLS records.

Two data points anchor the current read on Franjo Park: a median 175 days on market and a 12% year-over-year decline in price. Together they describe a community where listings are not moving on a fast clock and where sellers who priced aggressively a year ago have had to adjust. For a buyer, that is leverage — there is room to negotiate on price and terms when a home has already sat for months.

The per-square-foot figure of $529.86 gives a sense of where value sits on a condition-adjusted basis, but with only three closings feeding this window, it is a snapshot rather than a trend line. Treat any single comparable with caution and lean on a broker who is tracking each new closing as it lands, not last quarter's average.

In a market this thin, the difference between a good deal and an overpay comes down to who is watching the data in real time. We track every closing in Franjo Park as it happens rather than relying on stale quarterly averages, and we negotiate with the 175-day market reality — not the seller's asking-price hope — as the baseline.