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  • Palmetto Bay

    Palmetto Bay Market Report

    $696,043

    AVERAGE PRICE OF 276 HOMES

    $490,749

    AVERAGE PRICE OF 14 DISTRESSED HOMES

    $1,808,705

    AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

    $1,200,588

    AVERAGE PRICE OF 8 NEWLY BUILT HOMES

    $717,785

    AVERAGE PRICE OF 173 HOMES WITH A POOL

    $749,369

    AVERAGE PRICE OF 120 REDUCED PRICE HOMES

    Average Home

    Average Price $696,043
    Avg Bedrooms 3.69 beds
    Avg Bathrooms 2.82 baths

    Average Price by Bedrooms

    1 bedroom $134,200
    2 bedrooms $165,557
    3 bedrooms $540,263
    4 bedrooms $654,863
    5 bedrooms $960,724
    Palmetto Bay Home Price Trends
      6/2018 5/2018 4/2018 3/2018 2/2018
    Total Listings 260 269 n/a 244 214
    Average Price $710,091 $708,940 n/a $710,623 $708,624
    Avg Price Change +0.16% n/a n/a +0.28% -0.71%
    Median Price $639,582 $635,889 n/a $632,825 $616,115
    Med Price Change +0.58% n/a n/a +2.71% +0.03%
    Avg Bedrooms 3.78 beds 3.84 beds n/a 3.14 beds 3 beds
    Avg Bathrooms 2.86 baths 2.89 baths n/a 3.01 baths 3 baths
    Home Price by High School
    School Name Total Homes Average Price Avg Days on Market
    Corla Reef 1 $649,800 139 days
    Miami Palmetto 157 $697,155 97 days
    Miami Senior 1 $649,900 26 days
    Park Vista Community 1 $848,000 164 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Market
    All Homes 276 $696,043 101 days
    Distressed Homes 14 $490,749 146 days
    Multi-Million Dollar Homes 21 $1,808,705 145 days
    Newly Built Homes 8 $1,200,588 126 days
    Homes with a Pool 173 $717,785 96 days
    Reduced Price Homes 120 $749,369 151 days

    School Data

    Highly Rated Palmetto Bay Schools

    10

    CORAL REEF ELEMENTARY SCHOOL
    Elementary School
    Public

    8

    HOWARD DRIVE ELEMENTARY SCHOOL
    Elementary School
    Public

    10

    PALMETTO ELEMENTARY SCHOOL
    Elementary School
    Public

    8

    PALMETTO MIDDLE SCHOOL
    Middle School
    Public

    9

    SOUTHWOOD MIDDLE SCHOOL
    Middle School
    Public