All Home Types
Palmetto Bay, FL Housing Market
What is the housing market like in Palmetto Bay today?
In August 2023, Palmetto Bay home prices were up 9.9% compared to last year, selling for a median price of $1.0M. On average, homes in Palmetto Bay sell after 45 days on the market compared to 45 days last year. There were 26 homes sold in August this year, up from 24 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,025,000
+9.9% YoY | Aug 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2023
Growth
% YoY
Palmetto Bay, FL
$1,025,000
+9.9%
United States
Palmetto Bay Migration & Relocation Trends
In Jun '23 - Aug '23, 25% of Palmetto Bay homebuyers searched to move out of Palmetto Bay, while 75% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Palmetto Bay from outside metros.
- New York homebuyers searched to move into Palmetto Bay more than any other metro followed by Boston and Washington.
Where are people moving to Palmetto Bay from?
- 75% of Palmetto Bay homebuyers searched to stay within the Palmetto Bay metropolitan area.
- Denver was the most popular destination among Palmetto Bay homebuyers followed by Orlando and Cape Coral.
Where are people from Palmetto Bay moving to?
Number of People Moving to Palmetto Bay
least
most
People are moving to Palmetto Bay from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 5,923 | ||
| 2 | 1,747 | ||
| 3 | 1,730 | ||
| 4 | 1,228 | ||
| 5 | 981 | ||
| 6 | 834 | ||
| 7 | 552 | ||
| 8 | 254 | ||
| 9 | 227 | ||
| 10 | 195 | ||
People are leaving Palmetto Bay for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '23 - Aug '23 | ||
| 1 | 1,295 | ||
| 2 | 1,121 | ||
| 3 | 997 | ||
| 4 | 544 | ||
| 5 | 501 | ||
| 6 | 492 | ||
| 7 | 389 | ||
| 8 | 348 | ||
| 9 | 333 | ||
| 10 | 319 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palmetto Bay.
Risk Factor
Provided by First Street Foundation
Transportation in Palmetto Bay
Learn about the walkability, bikeability, and transit-friendliness of Palmetto Bay
Car-Dependent
Walk Score®
Some Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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