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  • Palmetto Bay

    Palmetto Bay Market Report

    $712,006

    AVERAGE PRICE OF 221 HOMES

    $501,061

    AVERAGE PRICE OF 13 DISTRESSED HOMES

    $1,681,730

    AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

    $1,618,250

    AVERAGE PRICE OF 4 NEWLY BUILT HOMES

    $726,247

    AVERAGE PRICE OF 143 HOMES WITH A POOL

    $705,247

    AVERAGE PRICE OF 82 REDUCED PRICE HOMES

    Average Home

    Average Price $712,006
    Avg Bedrooms 3 beds
    Avg Bathrooms 3.02 baths

    Average Price by Bedrooms

    1 bedroom $140,000
    2 bedrooms $149,042
    3 bedrooms $563,019
    4 bedrooms $656,662
    5 bedrooms $943,137
    Palmetto Bay Home Price Trends
      1/2018 12/2017 11/2017 10/2017 9/2017
    Total Listings 198 209 220 225 231
    Average Price $713,629 $718,425 $718,691 $738,905 $758,740
    Avg Price Change -0.67% -0.04% -2.81% -2.68% -0.01%
    Median Price $615,948 $617,804 $624,348 $643,104 $651,066
    Med Price Change -0.30% -1.06% -3.00% -1.24% +0.39%
    Avg Bedrooms 3 beds 3.03 beds 3 beds 3.13 beds 3 beds
    Avg Bathrooms 3.02 baths 3.08 baths 3.06 baths 3.07 baths 3.07 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Miami Palmetto 127 $677,221 92 days
    Park Vista Community 1 $1,288,800 15 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 221 $712,006 95 days
    Distressed Homes 13 $501,061 120 days
    Multi-Million Dollar Homes 23 $1,681,730 126 days
    Newly Built Homes 4 $1,618,250 144 days
    Homes with a Pool 143 $726,247 90 days
    Reduced Price Homes 82 $705,247 140 days

    School Data

    Highly Rated Palmetto Bay Schools

    10

    CORAL REEF ELEMENTARY SCHOOL
    Elementary School
    Public

    8

    HOWARD DRIVE ELEMENTARY SCHOOL
    Elementary School
    Public

    8

    PALMETTO MIDDLE SCHOOL
    Middle School
    Public

    9

    SOUTHWOOD MIDDLE SCHOOL
    Middle School
    Public