BreakThru Realty Palmetto Bay Housing Market Report
In the 90 days to October 30, 2026, the median single-family home in Palmetto Bay sold for $1,210,000 and the median condo or townhome for $1,847,500; 90 homes and condos are for sale. By months of inventory, single-family homes are a seller's market and condos and townhomes a buyer's market. BreakThru Realty analyzes BeachesMLS data daily to track home prices, inventory, sales, days on market and market direction in Palmetto Bay, Florida; nothing here is typed by hand.
Palmetto Bay Housing Market: Key Figures
- The median single-family home in Palmetto Bay sold for $1,210,000 over the last 90 days, +5.2% against the same period a year earlier.
- The median condo or townhome sold for $1,847,500, +550.5% year over year.
- Single-family homes that sold averaged 90 days on the market; condos and townhomes 79 days.
- With 3.1 months of inventory, single-family homes are a seller's market; condos and townhomes, at 7 months, are a buyer's market.
- 90 homes and condos were for sale in Palmetto Bay on October 30, 2026.
Palmetto Bay Market at a Glance
Updated October 30, 2026 from BeachesMLS.
- 90homes & condos for sale
- 7new listings this week
- 33under contract
- 6waterfront listings
- 41luxury listings ($1,500,000+)
- 28sold in the last 30 days
Newest Palmetto Bay Homes for Sale
The 30 newest homes, condos and townhomes on the market in Palmetto Bay, straight from BeachesMLS. The 30 listings on this page run from $779,000 to $9,495,000, with a median of $1,274,750, about $612 per square foot, and they have been listed a median of 25 days.
- The communities with the most listings here are Bel Aire (3), Herman Hills 1st Addn (2), Mangowood (2), Old Cutler Estates (2) and Roberts Sub (2), 11 of the 30; the others are spread across 18 more communities.
- By type: 29 single-family homes and 1 townhome or villa.
- Bedrooms run from 3 to 9, a median of 4; they were built between 1953 and 2026, a median of 1970, and 2 in the last ten years.
- 26 of the 30 have a pool, and 3 are on the water.
- They sit in 2 ZIP codes: 33157 and 33158.
$1,750,000
14421 SW 85th Avenue, Palmetto Bay FL 33158
4 bd · 4 ba · 2,578 sq ft · Single Family Residence$890,000
16455 SW 91st Avenue, Palmetto Bay FL 33157
4 bd · 3 ba · 1,794 sq ft · Single Family Residence$1,950,000
6157 Paradise Point Drive, Palmetto Bay FL 33157
4 bd · 4 ba · 3,909 sq ft · Townhouse$1,700,000
7277 SW 165th Street, Palmetto Bay FL 33157
3 bd · 3 ba · 2,436 sq ft · Single Family Residence$1,049,000
8815 SW 160th Street, Palmetto Bay FL 33157
4 bd · 2 ba · 1,936 sq ft · Single Family Residence$779,000
9334 SW 171st Terrace, Palmetto Bay FL 33157
3 bd · 2 ba · 1,580 sq ft · Single Family Residence$994,900
15060 SW 80th Avenue, Palmetto Bay FL 33158
4 bd · 3 ba · 2,099 sq ft · Single Family Residence$1,890,000
16625 Old Cutler Road, Palmetto Bay FL 33157
5 bd · 4 ba · 2,874 sq ft · Single Family Residence$1,275,000
15922 SW 83rd Court, Palmetto Bay FL 33157
4 bd · 3 ba · 2,101 sq ft · Single Family Residence$799,000
8931 SW 156th Street, Palmetto Bay FL 33157
3 bd · 2 ba · 1,841 sq ft · Single Family Residence$1,769,000
8230 SW 151st Street, Palmetto Bay FL 33158
4 bd · 3 ba · 2,873 sq ft · Single Family Residence$7,600,000
6973 SW 151st Street, Palmetto Bay FL 33158
5 bd · 7 ba · Single Family Residence$1,500,000
7210 SW 151st Street, Palmetto Bay FL 33158
4 bd · 3 ba · 2,338 sq ft · Single Family Residence$995,000
9261 SW 183rd Terrace, Palmetto Bay FL 33157
5 bd · 3 ba · 2,348 sq ft · Single Family Residence$1,175,000
17550 SW 86th Avenue, Palmetto Bay FL 33157
4 bd · 3 ba · 2,264 sq ft · Single Family Residence$1,150,000
8840 SW 181st Terrace, Palmetto Bay FL 33157
3 bd · 2 ba · 1,512 sq ft · Single Family Residence$890,000
17720 SW 89th Court, Palmetto Bay FL 33157
3 bd · 2 ba · 1,751 sq ft · Single Family Residence$9,495,000
13805 Old Cutler Road, Palmetto Bay FL 33158
9 bd · 10 ba · 9,287 sq ft · Single Family Residence$1,099,000
8325 SW 164th Terrace, Palmetto Bay FL 33157
4 bd · 2 ba · 2,147 sq ft · Single Family Residence$779,000
9123 SW 181st Street, Palmetto Bay FL 33157
4 bd · 2 ba · 1,656 sq ft · Single Family Residence$1,274,500
16401 SW 82nd Avenue, Palmetto Bay FL 33157
4 bd · 2 ba · 2,081 sq ft · Single Family Residence$1,599,000
8200 SW 164th Street, Palmetto Bay FL 33157
4 bd · 2 ba · 1,860 sq ft · Single Family Residence$1,649,000
7605 SW 179th Terrace, Palmetto Bay FL 33157
5 bd · 3 ba · 2,328 sq ft · Single Family Residence$3,300,000
17015 SW 74th Avenue, Palmetto Bay FL 33157
5 bd · 7 ba · 4,204 sq ft · Single Family Residence$3,400,000
13900 Old Cutler Road, Palmetto Bay FL 33158
4 bd · 4 ba · 2,789 sq ft · Single Family Residence$829,900
17881 SW 91st Avenue, Palmetto Bay FL 33157
3 bd · 2 ba · 1,164 sq ft · Single Family Residence$1,662,000
16100 SW 81st Avenue, Palmetto Bay FL 33157
4 bd · 3 ba · 3,039 sq ft · Single Family Residence$1,095,000
13820 SW 74th Court, Palmetto Bay FL 33158
3 bd · 2 ba · 1,569 sq ft · Single Family Residence$1,575,000
15471 SW 83rd Avenue, Palmetto Bay FL 33157
4 bd · 3 ba · 2,382 sq ft · Single Family Residence$1,050,000
17400 SW 89th Court, Palmetto Bay FL 33157
4 bd · 3 ba · 1,918 sq ft · Single Family Residence
| Single-family homes | Condos & townhomes | |
|---|---|---|
| Active listings | 75 | 14 |
| Median list price | $1,540,000 | $298,500 |
| Median list price per sq ft | $605/sq ft | $303/sq ft |
| Average days on market | 81 days | 99 days |
| Sold in the last 90 days | 73 | 6 |
| Median sold price (90 days) | $1,210,000 | $1,847,500 |
| Sale price as % of list price | 94.7% | 96.6% |
| Months of inventory | 3.1 months | 7 months |
| Median sold price vs. a year ago | +5.2% | +550.5% |
Source: BeachesMLS. Active listings as of October 30, 2026; sold figures cover closings in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal. How these figures are calculated.
Palmetto Bay Home Sales by Month
Closed residential sales in Palmetto Bay by closing month, from BeachesMLS. The current month is partial until it closes.
| Month | Closed sales | Median sold price | Median $/sq ft | Avg days to sell | Sale-to-list |
|---|---|---|---|---|---|
| Nov 2025 | 18 | $1,150,000 | $484/sq ft | 72 days | 94.5% |
| Dec 2025 | 28 | $977,500 | $479/sq ft | 73 days | 95.8% |
| Jan 2026 | 20 | $1,192,500 | $455/sq ft | 78 days | 96.1% |
| Feb 2026 | 25 | $1,050,000 | $476/sq ft | 111 days | 94.9% |
| Mar 2026 | 25 | $890,000 | $499/sq ft | 87 days | 95.3% |
| Apr 2026 | 26 | $1,282,500 | $499/sq ft | 95 days | 95.4% |
| May 2026 | 30 | $1,075,000 | $494/sq ft | 128 days | 94.5% |
| Jun 2026 | 46 | $1,347,500 | $495/sq ft | 89 days | 95.2% |
| Jul 2026 | 25 | $1,075,000 | $483/sq ft | 72 days | 94.6% |
| Aug 2026 | 17 | $1,500,000 | $551/sq ft | 34 days | 96.8% |
| Sep 2026 | 38 | $1,217,500 | $500/sq ft | 124 days | 94.5% |
| Oct 2026 (to date) | 23 | $1,000,000 | $443/sq ft | 72 days | 93.3% |
Palmetto Bay Inventory Over Time
Active listings, new listings and homes under contract in Palmetto Bay, from BreakThru Realty's daily snapshots of BeachesMLS (recorded since 2026-10-22).
| Date | Active listings | New this week | Under contract | Sold in 30 days | Median list (single-family) | Median list (condos) |
|---|---|---|---|---|---|---|
| 2026-10-22 | 90 | 10 | 31 | 25 | $1,520,000 | $269,500 |
| 2026-10-24 | 90 | 10 | 33 | 24 | $1,520,000 | $269,500 |
| 2026-10-25 | 92 | 12 | 32 | 25 | $1,520,000 | $269,500 |
| 2026-10-26 | 91 | 9 | 32 | 24 | $1,520,000 | $269,500 |
| 2026-10-27 | 93 | 10 | 29 | 27 | $1,540,000 | $275,750 |
| 2026-10-28 | 95 | 10 | 30 | 27 | $1,540,000 | $281,999 |
| 2026-10-29 | 91 | 8 | 32 | 27 | $1,520,000 | $298,500 |
Palmetto Bay Rental Market at a Glance
Updated October 29, 2026 from BeachesMLS.
- 72homes for rent
- $2,864/momedian asking rent
- 11new rentals this week
- 10leased in the last 30 days
| Houses & townhomes | Condos & apartments | |
|---|---|---|
| Active rentals | 44 | 28 |
| Median asking rent | $5,050/mo | $2,225/mo |
| Median rent per sq ft | $2.61/sq ft | $2.57/sq ft |
| Average days on market | 66 days | 80 days |
| Leased in the last 90 days | 35 | 13 |
| Median leased rent (90 days) | $6,000/mo | $2,000/mo |
| Median leased rent vs. a year ago | +13.7% | -1.2% |
Source: BeachesMLS. Asking rents are active rentals as of October 29, 2026; leased rents cover leases signed in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal.
Home Prices in Palmetto Bay
Over the last 90 days the median single-family home in Palmetto Bay sold for $1,210,000 ($494 per square foot) and the median condo or townhome for $1,847,500 ($467 per square foot). Against the same 90 days a year earlier that is +5.2% for single-family homes and +550.5% for condos. Homes on the market now are asking a median $1,540,000 (single-family) and $298,500 (condos and townhomes). Medians describe the middle of the market; a waterfront estate and a garden condo pull in opposite directions, which is why the two segments are reported separately.
Inventory and the Pace of Sales
90 homes and condos are for sale in Palmetto Bay today, 7 of them listed in the last seven days, and 33 are under contract. 28 sales closed in the last 30 days. Single-family homes carry 3.1 months of inventory and condos 7 months, which makes the single-family side a seller's market: under four months favours sellers, over six favours buyers. Active single-family listings have been on the market 81 days on average, condos 99 days.
Single-Family Homes vs. Condos and Townhomes
The two halves of the Palmetto Bay market move differently. Single-family sellers achieved 94.7% of their asking price on the typical sale in the last 90 days after 90 days on market; condo and townhome sellers achieved 96.6% after 79 days. 73 single-family homes and 6 condos and townhomes closed in that window. Condo pricing also carries the building's fees, reserves and rental rules, so a low list price in an older tower is not the same deal as a low list price on a lot.
The Last Twelve Months
321 residential sales closed in Palmetto Bay over the last twelve months. The whole-market median sold price moved from $1,150,000 in Nov 2025 to $1,217,500 in Sep 2026, a change of +5.9%. The month-by-month table below shows closings, median price, price per square foot and days to sell; the current month is partial until it closes.
Selling a Home in Palmetto Bay
Your Palmetto Bay buyer may already be looking. BreakThru Realty works with hundreds of prequalified buyers searching for properties. Each one tells us the areas, the price range, the property type and the features they want, and we keep that on file. Before you list, a broker checks your home against those requests and prices it from recent MLS sales near it, and if no buyer on file fits, the plan reaches the rest of the market. A Palmetto Bay home is priced by its lot, its side of the village and its condition, and neighbors can land a long way apart. A builder's acre outsells a third of an acre on the same block, a house rebuilt with impact glass, a new roof and a primary suite outsells an original ranch home next door, and a lot on sewer outside the flood zone outsells one on septic in zone AE. East of Old Cutler Road, the bay and the tree canopy add their own premium. We price from the closed sales that match your lot size, plat, condition and flood zone rather than a village median, and we assemble the permits, the survey and the roof and wind mitigation reports before the listing goes live. Request a free valuation built on recent MLS sales, ask for a full comparative market analysis, or request a cash offer if you need a fast, as is sale.
Investing in Palmetto Bay
Palmetto Bay investors usually take one of three routes: a dated ranch home on a big lot to renovate, enlarge or replace and then resell; a family house to lease by the year to tenants who want the schools; or a garden condo near US 1 to lease to people who work in Kendall, Dadeland or Cutler Bay. Each has its own checks. A rebuild depends on the village's zoning and permits, the trees, the flood zone and required floor elevation, and whether sewer reaches the lot, which together set the margin on a new house. Houses lease mainly on annual terms, and the condominium associations set their own approval, minimum lease and leasing rules, so read them before you buy. Duplexes and small apartment buildings rarely come to market inside the village; the Palmetto Bay rental pages show live rents, and the price reduced page tracks sellers who have cut the price.
Follow the Palmetto Bay Market as It Moves
Leave your email on this page and BreakThru Realty sends you each new Palmetto Bay listing and price drop the day it reaches the MLS, with no account needed. Owners can request a review of what their own home is worth against these figures; buyers can ask for a showing or a search.
Thinking About Selling in Palmetto Bay?
The median Palmetto Bay single family home closed at $1,210,000 in the last 90 days and took 90 days to go under contract. Prices in your neighborhood may differ from the city average. Your buyer may already be looking: breakThru Realty works with hundreds of prequalified buyers searching for properties. Enter your address and a licensed broker prepares your selling options from the closed sales nearest your home and checks it against the buyers on file.
- A value range built from comparable Palmetto Bay sales, with the reasoning
- Whether a buyer already working with BreakThru Realty is looking for a property like yours
- The plan that reaches the rest of the market if no buyer on file fits
- An estimate of your selling costs and what you would keep after closing
- Your timing, privacy and goals, worked through before anything is listed
Selling in Palmetto Bay?
See what your home is worth from recent Palmetto Bay sales, the days on market and today's buyer demand. See what my home would sell for.
Buying in Palmetto Bay?
Every home, condo and townhome for sale in Palmetto Bay, straight from the MLS and updated through the day. Find my Palmetto Bay home.
Investing in Palmetto Bay?
Multifamily, rental and value add property in Palmetto Bay, with the taxes, association fees and price history on every listing. Evaluate Palmetto Bay investments.
Palmetto Bay Housing Market FAQ
- What is the median home price in Palmetto Bay?
- Over the last 90 days the median sold price in Palmetto Bay was $1,210,000 for single-family homes and $1,847,500 for condos and townhomes, from BeachesMLS closings as of October 30, 2026. Homes for sale now are asking a median $1,540,000 and $298,500 respectively. These figures refresh daily on this page.
- Is Palmetto Bay a buyer's market or a seller's market?
- By months of inventory, the single-family side of Palmetto Bay is a seller's market right now: 3.1 months of supply, with condos and townhomes at 7 months (buyer's market). Under four months of supply favours sellers, over six favours buyers, and the two segments often sit on different sides of that line in South Florida.
- How long does it take to sell a home in Palmetto Bay?
- Single-family homes that closed in Palmetto Bay in the last 90 days had been on the market 90 days on average, and condos and townhomes 79 days. Sellers achieved 94.7% of their asking price on the typical single-family sale and 96.6% on the typical condo sale. Well-priced homes go under contract in the first few weeks; the average is pulled up by listings that started too high.
- Are home prices in Palmetto Bay going up or down?
- Over the last twelve months the whole-market median sold price in Palmetto Bay moved from $1,150,000 (Nov 2025) to $1,217,500 (Sep 2026), +5.9%. Comparing the last 90 days with the same 90 days a year earlier, single-family medians are +5.2% and condo medians +550.5%. Monthly medians swing with the mix of homes that happened to close, so the direction over several months matters more than any one month.
- What is the median rent in Palmetto Bay?
- The median asking rent in Palmetto Bay is $2,864 a month across 72 active rentals: $5,050 for houses and townhomes and $2,225 for condos and apartments. The Palmetto Bay rentals hub carries the full rental market table, updated daily.
- Where do these numbers come from?
- Every figure is computed from BeachesMLS: active listings are counted as of the refresh date (October 30, 2026), sold figures cover closings in the last 90 days compared with the same 90 days a year earlier, and the monthly table buckets closed sales by closing date. Statistics refresh once a day and are cached; inventory over time comes from our own daily snapshots. Nothing on this page is typed by hand, and none of it is an appraisal. BreakThru Realty's market data methodology page explains every calculation, and broker of record Tyson E. Sam reviews the method and the written guidance in this report.
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