Live MLS data · 100 active listings · $1.4M median · Updated August 2026
The Palmetto Bay housing market has 100 active listings with a median asking price of $1.4M as of August 2026. 18% of listings have had a price reduction. Average price per square foot is $540, with homes spending an average of 83 days on market — a balanced market.
100
Active Listings
$1.4M
Median Price
$540
Avg $/sqft
83
Avg Days on Market
18%
Price Reduced
| Bedrooms | Active Listings | Median Price |
|---|---|---|
| Studio/1 BR | 6 | $185K |
| 2 BR | 2 | $325K |
| 3 BR | 17 | $897K |
| 4 BR | 47 | $1.4M |
| 5+ BR | 28 | $2M |
The Palmetto Bay real estate market currently has 100 active listings as of August 2026, with a median asking price of $1.4M and an average of $540/sqft. Homes are spending an average of 83 days on market — conditions are relatively balanced between buyers and sellers.
Condos represent the best value in Palmetto Bay right now, with an average price per square foot of $299 and a median asking price of $185K. There are currently 7 active condos listings available.
With 18% of listings having reduced their price and an average DOM of 83 days, Palmetto Bay offers opportunities for both buyers and sellers. ELLA's IQ score analyzes each listing individually to identify the best-value opportunities.
As of August 2026, the median asking price in Palmetto Bay is $1.4M, with an average of $1.6M. Prices range from $85K to $9.5M. The average price per square foot is $540.
Palmetto Bay is currently a balanced market. Homes average 83 days on market with 18% showing price reductions. Well-priced properties still move at a fair pace, and both sides can negotiate effectively.
As of August 2026, homes in Palmetto Bay spend an average of 83 days on market before going under contract. This varies by price range and property type — condos and lower-priced homes typically move faster. ELLA's IQ score flags listings that have been sitting longer than expected, often indicating negotiation opportunity.
Condos are currently the most affordable by price per square foot in Palmetto Bay, averaging $299/sqft with a median price of $185K. There are 7 active condos listings available.
Based on the median home price of $1.4M in Palmetto Bay, Casa Simple buyers typically receive savings of $10K–$19K at closing. This is a closing cost credit — you pay nothing extra. The exact amount depends on purchase price and plan.
HOA fees are not aggregated at the city level in our market report. Fees vary widely by building, community, and property type — condos typically have higher fees than single-family homes. Each listing on Casa Simple shows the HOA fee when available. For condo buildings, visit the building's dedicated page to see estimated average HOA fees.
ELLA analyzes every listing in Palmetto Bay with an AI-powered IQ score. Get up to $19K back at closing.