#A11776061, Ana L Ordonez, Listing Office: ACOL Realty, Inc.
Palmetto Bay Housing Market Report March 2025•Miami-Dade County, Florida
Housing Prices in Palmetto Bay, FL
How much do homes in Palmetto Bay, FL cost?
Housing Market Conditions
Is Palmetto Bay, FL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Palmetto Bay is a Buyer's Market
Difference Since March 2024
At the same time last year, Palmetto Bay was a Seller's Market.
Palmetto Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Palmetto Bay have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Palmetto Bay was $1,000,000 in March 2025, down 6.5% from last year, and the median price per square foot was $439.
Median Sold Price By Cities
City | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
Coral Gables | $1.0M | $1.3M | +25.8% |
Pinecrest | $2.1M | $2.3M | +9.1% |
Princeton-Goulds | $504.4K | $534.9K | +6.1% |
Kendall-Palmetto Bay | $780.7K | $770.4K | -1.3% |
Palmetto Bay | $1.0M | $1.0M | -6.5% |
Median Sold Price By Bedrooms
Beds | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $190K | $189K | -0.5% |
22 Bedrooms | $280K | $281.5K | 0.5% |
33 Bedrooms | $855K | $760K | -11.1% |
44 Bedrooms | $1.0M | $1.1M | +1.6% |
55+ Bedrooms | $1.5M | $1.3M | -16.3% |
Summary: Palmetto Bay housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.5%. The home price for 2 bedroom homes increased by 0.5%. The home price for 3 bedroom homes decreased by -11.1%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes decreased by -16.3%.
How does Palmetto Bay, FL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Palmetto Bay, FL
Housing supply in Palmetto Bay, FL
How many homes are available in Palmetto Bay, FL?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
189Last MonthMar 2025 | ||
1662 months agoFeb 2025 | +13.9 % Change MoMFeb – Mar |
Summary: The Palmetto Bay real estate market had 189 homes for sale in Mar 2025, a 13.9 % increase compared to Feb 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
20Last MonthMar 2025 | ||
242 months agoFeb 2025 | -16.7 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 6 | 7 | +16.7% |
22 Bedrooms | 13 | 9 | -30.8% |
33 Bedrooms | 33 | 39 | +18.2% |
44 Bedrooms | 69 | 84 | +21.7% |
55+ Bedrooms | 45 | 50 | +11.1% |
Summary: Palmetto Bay housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes decreased by -30.8%. The inventory for 3 bedroom homes increased by +18.2%. The inventory for 4 bedroom homes increased by +21.7%. The inventory for 5 bedroom homes increased by +11.1%.
Asking Price vs. Sold Price
How much do homes in Palmetto Bay, FL cost?
Over Asking Price2 Homes
At Asking Price4 Homes
Under Asking Price14 Homes
If you're buying a home in Palmetto Bay, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Palmetto Bay in March 2025, down by 16.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and and 10% were sold over asking.
Days on Market for Palmetto Bay, FL
How long does it take to sell a home in Palmetto Bay, FL?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days9 Homes
Over 90 Days6 Homes
Avg time on Rocket Homes in Palmetto Bay has remained consistent over time.
Summary: During March 2025, 20 homes were sold in Palmetto Bay; 25% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
79 DaysThis YearMar 2025 | ||
76 Days1 year agoMar 2024 | +4.1 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Palmetto Bay had an average listing age of 79 days in Mar 2025, up by 4.1% compared to the previous year.
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Newest Listings in Palmetto Bay, FL
What homes are available in Palmetto Bay, FL?
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MLS Disclaimers and Copyright
Based on information from Miami MLS, Stellar MLS, and Beaches MLS for the period 04/01/2023 - 04/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 10:20:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.